Yechiel Weber Acquires Mixed-Use Property In East New York For $1.22M
SOLD
$1,225,000
New York
See Similar DealsMixed-use4,761 SF
Sold 05/14/2019
SOLD
Yechiel Weber Acquires Mixed-Use Property In East New York For $1.22M
2993 Fulton St, Brooklyn, NY 11208, USA
See Similar DealsMixed-use4,761 SF
Sold 05/14/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$257
Total Square Footage:4,761 SF
Transaction Type:Sale
The mixed-use property located at 2993 Fulton St in East New York, BK has been sold in a closed transaction. The property spans 4,761 square feet and has been purchased for a sale price of $1,225,000, resulting in a price per square foot of $257.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $1,225,000
- SF: 4,761
- PPSF: $257
- Address: 2993 Fulton St
- Market: East New York, BK
The seller of the property is Marcus Jecklin, while the buyer is Yechiel Weber. Marcus & Millichap represented the seller in the transaction, with Zach Jecklin, Jesse Kay, Thomas Brennan, and Jakub Nowak serving as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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