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3371 Fulton Street, Brookly...

Updated Dec 21, 2023

Fred Khalili Acquires Mixed-Use Property On Fulton Street In East New York For $780K
SOLDMixed-use

Fred Khalili Acquires Mixed-Use Property On Fulton Street In East New York For $780K

3371 Fulton Street, Brooklyn, New York 11208, United States

$780,000

$393/SF

Building Size

1,980 SF

Asset Type

Mixed-use

Closing

Jan 22, 2021

About this deal

AI

Located in East New York, the mixed-use property at 3371 Fulton Street recently changed hands in a closed transaction. The property, spanning 1,980 square feet, was sold for $780,000. The sale price equates to a price per square foot of $393. The deal was facilitated by brokers Matthew Peters and John Brennan from The Peters Team at Marcus & Millichap.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $780,000.00
  • Square footage: 1,980
  • Price per square foot: $393
  • Address: 3371 Fulton Street
  • Market: East New York

Fred Khalili emerged as the buyer of the property, while Dr. Steven Chu acted as the seller. Representing the buyer and seller respectively, Matthew Peters and John Brennan, from The Peters Team at Marcus & Millichap, facilitated the transaction. The property transaction took place on January 22, 2022.

Players

John Brennan

Marcus & Millichap

Broker

$191.3M

vol

75 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $393 per square foot on a published $780K for 1,980 square feet (2021).

Visit Matthew Peters to view all their deals.

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

20.34%

Cash-on-Cash

-5.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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