Simon Kim Purchases Mixed-Use Property On Fulton Avenue In Hempstead For $1.75M
243 Fulton Avenue
$1,750,000
$166/SF
Building Size
10,524 SF
Asset Type
Mixed-use
Closing
Jul 7, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 243 Fulton Avenue in Hempstead. The sale price was $1,750,000, with a total square footage of 10,524. The property consists of 4 units, resulting in a price per unit of $437,500 and a price per square foot of $166.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Square Footage: 10,524
- Units: 4
- Price Per Unit: $437,500
- Price Per Square Foot: $166
- Buyer: Simon Kim
- Seller: Topel Realty
- Broker: Tom Bigansky - North Village Realty
- Cap Rate: 6%
Simon Kim was the buyer in this transaction, while Topel Realty acted as the seller. The brokerage involved, North Village Realty, was represented by Tom Bigansky, who specializes in commercial real estate seller representation across Nassau and Suffolk.
On the Map
$1,750,000
$166/SF
Mixed-use
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Players
Hempstead 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93