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3195 Fulton St, Brooklyn, N...

Jian Hui Zheng Acquires Mixed-Use Property At 3195 Fulton Street In Cypress Hills, Brooklyn For $1.42M
SOLDMixed-use

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

Jiani Zhou

Ariel Property Advisors

Broker

$46.8M

vol

9 deals

Broker

Mario Prestigiacomo

Seller

$2.8M

vol

2 deals

Seller

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