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
About this deal
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:
- Property Type: Mixed-use
- Transaction Amount: $4,375,000
- Address: 1004 Fulton Street
- Market: Clinton Hill, Brooklyn
- Buyer: Aperture Holdings - Pir Granoff & Doug Baillie
- Seller: Witnick Real Estate Partners
- Seller's Representative: Brandon Polakoff, Fritz Richter, Eric Karmitz, Bradley Rothschild & Ryan McGuirl from Avison Young TriState
- Square Footage: 5,281
- Price per Square Foot: $828
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.
On the Map
$4,375,000
$828/SF
Mixed-use
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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
3.63%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93