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1001 Fulton St, Brooklyn, N...

G-Way Corp Acquires Mixed-Use Property In Brooklyn's Clinton Hill For $1.9M
SOLDMixed-use

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

William Kim

The Corcoran Group

Broker

$1.9M

vol

1 deal

Broker

Ami Ariel

G-Way

Buyer

$54.5M

vol

8 deals

Buyer

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