Emmanuel Hourizadeh & Raymond Nouvahian Acquire Mixed-Use Property In Ocean Hill, Brooklyn For $1.45M
2065 Fulton Street, Brooklyn, NY 11233
$1,450,000
$290/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Oct 23, 2018
About this deal
AI
A mixed-use property located at 2065 Fulton Street in Ocean Hill, Brooklyn NY has been sold for $1,450,000. The property consists of a 5,000 square foot space, resulting in a price per square foot of $290. With a unit price of $362,500, the transaction involved the buyer Emmanuel Hourizadeh & Raymond Nouvahian and the seller Ernestine Stukes.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $1,450,000
- Square Footage: 5,000
- Price per Square Foot: $290
- Unit Price: $362,500
- Market: Ocean Hill, Brooklyn NY
The deal was facilitated by the brokers Steve Reynolds and Toby Waring of BRG | Bestreich Realty Group. The building at 2065 Fulton Street was delivered vacant, offering the buyers an opportunity to make use of the space as per their requirements.
Players
New York 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93