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
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