Remy Raisner Acquires Mixed-Use Property In Brooklyn For $1.85M
1363 Fulton Street, Brooklyn, NY 11216
$1,850,000
$462/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Dec 10, 2021
About this deal
AI
A mixed-use property located at 1363 Fulton Street in Brooklyn was recently sold for $1,850,000. The property spans a total area of 4,000 square feet, resulting in a price per square foot of $462. The transaction took place on 12/10/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,850,000
- Address: 1363 Fulton Street, Brooklyn
- Market: Brooklyn
The buyer of the property is Remy Raisner, while the seller is Michelle Adams. The deal was facilitated by the Bestreich Realty Group, with brokers Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Sean Mashihi representing the parties involved.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93