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2667 Fulton Street

Compass Brokers Facilitate $6.2M Sale Of Brooklyn Development Site To Avi Katz
SOLDDevelopment Site

Compass Brokers Facilitate $6.2M Sale Of Brooklyn Development Site To Avi Katz

2667 Fulton Street & 2675 Fulton Street

$6,200,000

$620/SF

Building Size

10,000 SF

Asset Type

Development Site

Closing

Nov 10, 2023

AI

A development site located at 2667-2675 Fulton Street in Brooklyn, New York has been sold in a closed transaction. The property, spanning 5,000 square feet, was sold for a price of $6,200,000, resulting in a price per square foot of $1,240. The transaction took place on November 10, 2023, with AVI KATZ as the buyer and ABDUL AWAN as the seller.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $6,200,000
  • Address: 2667-2675 Fulton Street, Brooklyn, New York
  • Square Footage: 5,000
  • Market: Brooklyn, New York

The deal was facilitated by brokers Adelaide Polsinelli, Michael Cardillo, Lauren Curcio, and Natalie Sachmechi from COMPASS.

Players

Adelaide Polsinelli

Compass

Broker

$285M

vol

26 deals

Broker

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93