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2017 Fulton Street

Luis Duran Purchases Mixed-Use Property In Brooklyn For $1.315M With Seller's Rep Haley Hasho
SOLDMixed-use

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

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker
Exodus Capital
Exodus CapitalBrokerage

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