Jay Levy Acquires Mixed-Use Property On Fulton Street In Brooklyn For $2.2M
SOLD
$2,200,000
New York
See Similar DealsMixed-use4,500 SF
Sold 05/18/2023
SOLD
Jay Levy Acquires Mixed-Use Property On Fulton Street In Brooklyn For $2.2M
1172 Fulton St Brooklyn, NY 11216, USA
See Similar DealsMixed-use4,500 SF
Sold 05/18/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$488
Total Square Footage:4,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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