Cignature Realty Facilitates $34.5M Sale Of Mixed Use Property In Bedford-Stuyvesant
1520 Fulton Street, Brooklyn, New York 11213, United States
$34,500,000
$507/SF
Building Size
68,024 SF
Asset Type
Mixed-use
Closing
Oct 3, 2022
AI
The mixed-use property located at 1520 Fulton Street in Bedford-Stuyvesant has been sold. The transaction took place on 10/04/2022 for a sale price of $34,500,000. The property spans across 68,024 square feet, resulting in a price per square foot of $507.
Summary of transation details
- Property Type: Mixed Use
- Transaction Amount: $34,500,000
- Address: 1520 Fulton Street
- Market: Bedford-Stuyvesant
The sale was facilitated by the brokers from Cignature Realty, including Lazer Sternhell, Peter Vanderpool, and Sarah Mae Selnick. Cignature Realty is a reputable firm in New York Metro area known for its expertise in multifamily and apartment building sales.
For more information on other sold deals, recent news, market reports, and current listings, interested parties can visit CignatureRealty.com.
Players
New York 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93