Cignature Realty Facilitates $34.5M Sale Of Mixed Use Property In Bedford-Stuyvesant
SOLD
$34,500,000
New York
See Similar DealsMixed-use68,024 SF
Sold 10/04/2022
SOLD
Cignature Realty Facilitates $34.5M Sale Of Mixed Use Property In Bedford-Stuyvesant
1520 Fulton Street, Brooklyn, New York 11213, United States
See Similar DealsMixed-use68,024 SF
Sold 10/04/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$507
Total Square Footage:68,024 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,840,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$122,571.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$163,547.60
Annual Debt Service$1,962,571.21
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