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
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
20.34%
Cash-on-Cash
-5.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93