Chicken Stop Acquires Mixed-Use Property At 1321 Fulton Street From Juan Solano & Lilia Solano For $1.95M
1321 Fulton Street
$1,950,000
$601/SF
Building Size
3,240 SF
Asset Type
Mixed-use
Closing
Aug 14, 2026
About this deal
AI
This mixed-use property located at 1321 Fulton Street in Brooklyn, featuring 4 apartments and 1 retail unit, sold for $1,950,000. The property comprises a total of 3,240 square feet, resulting in a price per unit of $390,000 and a price per square foot of $601.
Summary of transaction details:
- Property Type: Mixed-use (4 Apartments & 1 Retail)
- Transaction Amount: $1,950,000
- Units: 5
- Square Footage: 3,240
- Price Per Unit: $390,000
- Price Per Square Foot: $601
- Seller: Juan Solano & Lilia Solano
The buyer, representing Chicken Stop, expressed gratitude for the acquisition, noting the hard work and dedication of their entire team. Special acknowledgments were made to their attorney, Vassos Law Firm, and Ponce Bank for their roles in facilitating the transaction. The buyer also mentioned plans for expanding Chicken Stop into additional locations in the future.
Players
Brooklyn 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93