Midwood Investment & Development Acquires Mixed-use Property In Brooklyn For $9.5 Million
423 Fulton Mall
$9,500,000
$791/SF
Building Size
12,000 SF
Asset Type
Mixed-use
Closing
Jul 10, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 423 Fulton Mall in Brooklyn. The sale was completed for a price of $9,500,000, encompassing a square footage of 12,000, which results in a price per square foot of $791.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,500,000
- Address: 423 Fulton Mall
- Market: Brooklyn
- Asset Size: 12,000 SF
- Price per Square Foot: $791
- Buyer: Midwood Investment & Development
- Seller: Ralph Braha & Nakash Holdings
- Brokers: Albert Sultan & Joseph Ash - KSR
Key individuals in this transaction include the buyer, Midwood Investment & Development, and the sellers, Ralph Braha and Nakash Holdings. The brokerage representation for this deal was provided by Albert Sultan and Joseph Ash from KSR, who facilitated the transaction between the involved parties.
On the Map
$9,500,000
$791/SF
Mixed-use
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Players
Brooklyn 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93