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1458 Fulton Street, Brookly...

Marc Jacobowitz & Yerachmeal Jacobson Acquire Mixed-Use Property In Bedford-Stuyvesant For $2.05M
SOLDMixed-use

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

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

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

128 deals

Broker
Marc Jacobowitz

Marc Jacobowitz

Bluejay Management

Buyer

$181.4M

vol

10 deals

Buyer
Bluejay Management
Bluejay ManagementBuyer

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