Marc Jacobowitz & Yerachmeal Jacobson Acquire Mixed-Use Property In Bedford-Stuyvesant For $2.05M
1458 Fulton Street, Brooklyn, New York 11216, United States
$2,050,000
$512/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Feb 17, 2022
AI
A mixed-use property located at 1458 Fulton Street in Bedford-Stuyvesant has been sold for $2,050,000. The property spans 4,000 square feet, resulting in a price per square foot of $512. The transaction took place on February 18, 2022, and involved buyers Marc Jacobowitz and Yerachmeal Jacobson. The sellers were the Katz Family. The deal was facilitated by Shlomo Antebi, Yosef Katz, and Erik Yankelovich from Atlas Realty Group.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,050,000
- Address: 1458 Fulton Street
- Market: Bedford-Stuyvesant
- Buyer: Marc Jacobowitz & Yerachmeal Jacobson
- Seller: Katz Family
- Brokers: Shlomo Antebi, Yosef Katz & Erik Yankelovich - Atlas Realty Group
In the sale of this property, Marc Jacobowitz and Yerachmeal Jacobson emerged as the buyers, while the Katz Family acted as the sellers. The deal was successfully closed with the assistance of Shlomo Antebi, Yosef Katz, and Erik Yankelovich from Atlas Realty Group.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93