Luis Duran Purchases Mixed-Use Property In Brooklyn For $1.315M With Seller's Rep Haley Hasho
2017 Fulton Street
$1,315,000
$432/SF
Building Size
3,042 SF
Asset Type
Mixed-use
Closing
Jul 2, 2025
AI
A mixed-use property located at 2017 Fulton Street in Brooklyn has been sold. The asset features a total of 3,042 square feet and comprises 2 units. The sale price for the property was $1,315,000, translating to a price per unit of $657,500 and a price per square foot of $432.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $1,315,000
- Units: 2
- Square Footage: 3,042
- Price per Unit: $657,500
- Price per Square Foot: $432
- Buyer: Luis Duran
- Seller: David Benzakarya & Elie Bassalian
- Seller's Representative: Haley Hasho - Exodus Capital
- Last Sale Date: 2024
- Last Sale Price: $945,000
- Occupancy Status: 100% occupied
The transaction involved key parties including Luis Duran as the buyer and the sellers, David Benzakarya and Elie Bassalian, who were represented in the deal by Haley Hasho of Exodus Capital. This transaction indicates a successful conveyance involving fully occupied units, highlighting the sellers' ability to deliver a fully leased property to the buyer.
Players
Brooklyn 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
12.06%
Cash-on-Cash
-3.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93