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
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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