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2055 Fulton Street

Jing Xu Acquires Mixed-Use Property On Fulton Street In Ocean Hill For $1.25M
SOLDMixed-use

Jing Xu Acquires Mixed-Use Property On Fulton Street In Ocean Hill For $1.25M

2055 Fulton Street

$1,255,000

$310/SF

Building Size

4,042 SF

Asset Type

Mixed-use

Closing

Jan 25, 2024

AI

A mixed-use property located at 2055 Fulton Street in Ocean Hill, Brooklyn has been sold in a recent transaction. The property spans 4,042 square feet and was sold for a total price of $1,255,000, resulting in a price per square foot of $310.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,255,000
  • Square Footage: 4,042
  • Address: 2055 Fulton Street
  • Market: Ocean Hill, Brooklyn

Jing Xu has acquired the property from Ivan Benavides. The deal was facilitated by the brokerage team at Cushman & Wakefield, with Nick Kolbus, Dylan Walsh, and Michael Kolbus representing the parties involved.

Players

Michael Kolbus

RE/MAX Commercial

Broker

$30.1M

vol

11 deals

Broker

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

12.64%

Cash-on-Cash

-3.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93