G-Way Corp Acquires Mixed-Use Property In Brooklyn's Clinton Hill For $1.9M
1001 Fulton St, Brooklyn, NY 11238, USA
$1,900,000
$30/SF
Building Size
61,560 SF
Asset Type
Mixed-use
Closing
May 30, 2019
AI
The mixed-use property located at 1001 Fulton Street in Brooklyn's Clinton Hill neighborhood has been sold in a closed transaction. The property spans a total of 6,156 square feet and was listed for an asking price of $2,000,000. The final sale price was negotiated at $1,900,000, resulting in a price per square foot of $308. The transaction was facilitated by broker William Kim.
Summary of transaction details
- Property Type: Mixed-use
- Asking Price: $2,000,000
- Sale Price: $1,900,000
- Square Footage: 6,156
- Price per Square Foot: $308
- Seller: 1001 Fulton, Inc - John Khani
- Buyer: G-Way Corp - Ami Ariel
- Broker: William Kim
The seller of the property was 1001 Fulton, Inc, represented by John Khani. The buyer, G-Way Corp, was represented by Ami Ariel. This transaction highlights the cooperation between the buyer's and seller's representatives to successfully close the deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93