Abrahim Kassim Acquires Mixed-Use Property On Fulton Street For $1.71M, Represented By Matthew Peters
3225 Fulton Street, Cypress Hills, Brooklyn, NY, USA
$1,710,000
$342/SF
Building Size
4,992 SF
Asset Type
Mixed-use
Closing
Mar 25, 2019
About this deal
AI
Located in Cypress Hills, the mixed-use property at 3225 Fulton Street recently changed hands in a sales transaction. The property spans 4,992 square feet and was sold for $1,710,000, resulting in a price per square foot of $342. The seller, Yaron Shamesh, successfully closed the deal with the buyer, Abrahim Kassim. The transaction was facilitated by Matthew Peters, who represented the seller as the broker.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $1,710,000
- Square Footage: 4,992
- Price per Square Foot: $342
- Address: 3225 Fulton Street
- Market: Cypress Hills
The participation of Matthew Peters, serving as the broker for the seller, played a crucial role in facilitating the successful sale of the mixed-use property at 3225 Fulton Street. Peters, representing the seller, ensured a smooth transaction process and helped both parties reach a mutually beneficial agreement.
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
9.28%
Cash-on-Cash
-2.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93