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1004 Fulton Street, Clinton...

Aperture Holdings Acquires Mixed-Use Property In Clinton Hill, Brooklyn For $4.4M
SOLDMixed-use

Aperture Holdings Acquires Mixed-Use Property In Clinton Hill, Brooklyn For $4.4M

1004 Fulton Street, Clinton Hill, Brooklyn, NY, USA

$4,375,000

$828/SF

Building Size

5,281 SF

Asset Type

Mixed-use

Closing

Aug 18, 2020

AI

Located in Clinton Hill, Brooklyn, the mixed-use property at 1004 Fulton Street has been sold for a price of $4,375,000. The property spans a total of 5,281 square feet, resulting in a price per square foot of $828. The transaction took place on August 18, 2021.

Summary of transaction details:

The buyer of the property was represented by Pir Granoff and Doug Baillie from Aperture Holdings. On the other hand, Witnick Real Estate Partners acted as the seller. The seller was represented by Brandon Polakoff, Fritz Richter, Eric Karmitz, Bradley Rothschild, and Ryan McGuirl from Avison Young TriState.

Players

Eric Karmitz

Avison Young

Broker

$767.7M

vol

36 deals

Broker
Pir Granoff

Pir Granoff

Aperture Holdings

Buyer

$33M

vol

9 deals

Buyer
AH
Aperture HoldingsBuyer

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

3.63%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93