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
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