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3232 Fulton Street, Brookly...

Mohamed Saleh Acquires Mixed-use Property In Brooklyn For $750,000
SOLDMixed-use

Mohamed Saleh Acquires Mixed-use Property In Brooklyn For $750,000

3232 Fulton Street, Brooklyn, New York 11208, United States

$750,000

$394/SF

Building Size

1,900 SF

Asset Type

Mixed-use

Closing

Sep 18, 2022

AI

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.

Players

Erik Rodriguez

Rodriguez Commercial Realty

Broker

$46.3M

vol

19 deals

Broker

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

21.15%

Cash-on-Cash

-6.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93