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2795 Fulton Street

Updated Sep 5, 2024

The Schwartz Family Acquires Development Site On Fulton Street In New York City For $3.55M
SOLDDevelopment Site

The Schwartz Family Acquires Development Site On Fulton Street In New York City For $3.55M

2795 Fulton Street

$3,550,000

Building Size

—

Asset Type

Development Site

Closing

Apr 26, 2023

About this deal

AI

The development site located at 2795 Fulton Street in New York City has been sold in a recent transaction. The property, an attractive asset for potential development, was sold for a price of $3,550,000.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,550,000
  • Date: 04/26/2023
  • Address: 2795 Fulton Street, New York City
  • Market: New York City

The buyer of the property is The Schwartz Family, while the seller is The Cohen Family. The deal was facilitated by the experienced broker team of Josh Lipton, Andrew Levine, and Jax Hindmarch, who represent Invictus Property Advisors.

This successful transaction marks another significant investment in the development potential of New York City. It reflects the confidence and interest of both buyers and sellers in the city's real estate market.

On the Map

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$3,550,000

Development Site

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Players

Andrew Levine

Invictus Property Advisors

Broker

$454.4M

vol

68 deals

Broker

The Schwartz Family

Buyer

$5.7M

vol

2 deals

Buyer

Cohen Family

Regal Acquisitions

Seller

$58M

vol

11 deals

Seller
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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

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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