Jay Levy Acquires Mixed-Use Property On Fulton Street In Brooklyn For $2.2M
1172 Fulton St Brooklyn, NY 11216, USA
$2,200,000
$488/SF
Building Size
4,500 SF
Asset Type
Mixed-use
Closing
May 18, 2023
About this deal
AI
A mixed-use property located at 1172 Fulton Street in Brooklyn, was recently sold in a closed transaction. The property spans 4,500 square feet and was sold for a price of $2,200,000, resulting in a price per square foot of $489. The transaction took place on 05/18/2023.
Summary of transaction details
- Property Type: Mixed-Use
- Sale Price: $2,200,000
- Square Footage: 4,500
- Price per Square Foot: $489
- Address: 1172 Fulton Street
- Market: Brooklyn
The buyer in this transaction is Jay Levy, while Kieran Treanor is the seller. The deal was facilitated by Avraham Birnbaum and Yisroel Zelmanowitz from Twelve Stones Realty.
Eve Shalam from Molcho Realty Group represented the buyer, Jay Levy.
On the Map
$2,200,000
$488/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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93