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2065 Fulton Street, Brookly...

Updated Nov 20, 2023

Emmanuel Hourizadeh & Raymond Nouvahian Acquire Mixed-Use Property In Ocean Hill, Brooklyn For $1.45M
SOLDMixed-use

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

Steve Reynolds

Investment Property Realty Group (IPRG)

Broker

$370.8M

vol

136 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $290 per square foot on a published $1.5M for 5,000 square feet (2018).

Visit Toby Waring to view all their deals.

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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

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