facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

2993 Fulton St, Brooklyn, N...

Yechiel Weber Acquires Mixed-Use Property In East New York For $1.22M
SOLDMixed-use

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

Marcus Jecklin

Seller

$3.6M

vol

3 deals

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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