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1172 Fulton St Brooklyn, NY...

Jay Levy Acquires Mixed-Use Property On Fulton Street In Brooklyn For $2.2M
SOLDMixed-use

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

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.

Players

Avraham Birnbaum

Twelve Stones Realty

Broker

$44.7M

vol

24 deals

Broker

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