FINANCEDMixed-use
Moses Karpen Refinances 17-Unit Mixed-Use Building At 899 Fulton Street For $11M
899 Fulton Street
$11,000,000
Units
17
Asset Type
Mixed-use
Closing
Sep 25, 2026
About this deal
AI
A 17-unit mixed-use building located at 899 Fulton Street in Brooklyn's Clinton Hill neighborhood is involved in a refinancing deal. The property was refinanced for a total loan amount of $11,000,000.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $11,000,000
- Address: 899 Fulton Street
- Market: Clinton Hill, Brooklyn
- Units: 17
- Lender: Trevian Capital
- Landlord: Moses Karpen
- Loan Type: Refinance
- Loan Date: 09/25/2026
Moses Karpen, through Clinton Garden Partners LLC, was the landlord in this transaction, securing the refinancing of the property with Trevian Capital as the lender.
On the Map
$11,000,000
Mixed-use
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Players
Trevian CapitalLender
Fulton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93