Jian Hui Zheng Acquires Mixed-Use Property At 3195 Fulton Street In Cypress Hills, Brooklyn For $1.42M
3195 Fulton St, Brooklyn, NY 11208, USA
$1,420,000
$270/SF
Building Size
5,250 SF
Asset Type
Mixed-use
Closing
Nov 29, 2020
AI
The mixed-use property located at 3195 Fulton Street in Cypress Hills, Brooklyn has been sold in a closed transaction. The property encompasses 5,250 square feet and is characterized by its eight units. The sale price for this transaction was $1,420,000, resulting in a price per square foot of $270. The buyer of the property is Jian Hui Zheng, while the seller is Mario Prestigiacomo.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,420,000
- Address: 3195 Fulton Street, Cypress Hills, Brooklyn
- Market: Cypress Hills, Brooklyn
- Square Footage: 5,250
- Price per Square Foot: $270
- Units: 8
Ariel Property Advisors represented both parties in this transaction. Stephen Vorvolakos and Jiani Zhou, from Ariel Property Advisors, served as the brokers for this deal.
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
11.17%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93