Abraham Gelbstein Acquires Mixed-Use Property At 1407 Fulton Street Brooklyn For $2.8M
SOLD
New York
See Similar DealsMixed-use7,821 SF
Sold 02/16/2017
SOLD
Abraham Gelbstein Acquires Mixed-Use Property At 1407 Fulton Street Brooklyn For $2.8M
1407 Fulton Street
See Similar DealsMixed-use7,821 SF
Sold 02/16/2017
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$358
Total Square Footage:7,821 SF
Transaction Type:Sale
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
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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