Yechiel Weber Acquires Mixed-Use Property In East New York For $1.22M
2993 Fulton St, Brooklyn, NY 11208, USA
$1,225,000
$257/SF
Building Size
4,761 SF
Asset Type
Mixed-use
Closing
May 13, 2019
AI
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.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93