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1407 Fulton Street

Abraham Gelbstein Acquires Mixed-Use Property At 1407 Fulton Street Brooklyn For $2.8M
SOLDMixed-use

Abraham Gelbstein Acquires Mixed-Use Property At 1407 Fulton Street Brooklyn For $2.8M

1407 Fulton Street

$2,800,000

$358/SF

Building Size

7,821 SF

Asset Type

Mixed-use

Closing

Feb 16, 2017

AI

A mixed-use property located at 1407 Fulton Street in the Brooklyn market was sold for $2,800,000.00. The asset encompasses a total area of 7,821 square feet.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,800,000.00
  • Address: 1407 Fulton Street
  • Market: Brooklyn
  • Square Footage: 7,821.0
  • Buyer: Abraham Gelbstein
  • Seller: Eric Mann

The transaction involved brokers Sasha Berg and Moshe Gelbstein from GFI Realty Services, alongside Solomon Rozental and Joseph Landau, who played vital roles in facilitating the deal.

Players

Sasha Berg

GFI Realty Services

Broker

$69.3M

vol

11 deals

Broker

Abraham Gelbstein

Buyer
Buyer

Eric Mann

Seller

$78.4M

vol

12 deals

Seller

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93