Mohamed Saleh Acquires Mixed-use Property In Brooklyn For $750,000
SOLD
$750,000
New York
See Similar DealsMixed-use1,900 SF
Sold
SOLD
Mohamed Saleh Acquires Mixed-use Property In Brooklyn For $750,000
3232 Fulton Street, Brooklyn, New York 11208, United States
See Similar DealsMixed-use1,900 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$394
Total Square Footage:1900 SF
Transaction Type:Sale
The mixed-use property located at 3232 Fulton St. in Brooklyn has been sold for a total of $750,000. The transaction took place on September 19, 2022, and the property spans a total area of 1,900 square feet. The price per square foot comes out to be $394. The property is a mixed-use asset, offering a combination of residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $750,000
- Date: September 19, 2022
- Address: 3232 Fulton St.
- Market: Brooklyn
- Square Footage: 1,900
- Price Per Square Foot: $394
The buyer of the property is Mohamed Saleh, while Vidal Figueroa acted as the seller. The deal was facilitated by Erik Rodriguez from Rodriguez Commercial Realty, who represented both parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$40,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,664.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,555.38
Annual Debt Service$42,664.59
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