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3225 Fulton Street, Cypress...

Updated Dec 21, 2023

Abrahim Kassim Acquires Mixed-Use Property On Fulton Street For $1.71M, Represented By Matthew Peters
SOLDMixed-use

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.

Players

Matthew Peters

Marcus & Millichap

Broker

$159.6M

vol

28 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $342 per square foot on a published $1.7M for 4,992 square feet (2019).

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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

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