Jing Xu Acquires Mixed-Use Property On Fulton Street In Ocean Hill For $1.25M
SOLD
$1,255,000
New York
See Similar DealsMixed-use4,042 SF
Sold 01/25/2024
SOLD
Jing Xu Acquires Mixed-Use Property On Fulton Street In Ocean Hill For $1.25M
2055 Fulton Street
See Similar DealsMixed-use4,042 SF
Sold 01/25/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$310
Total Square Footage:4,042 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,458.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,949.34
Annual Debt Service$71,392.08
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