Jacob Fulop Acquires Mixed-Use Property In Bedford-Stuyvesant For $3.31M
435 Dekalb Avenue, Brooklyn, New York 11205, United States
$3,310,000
$471/SF
Building Size
7,020 SF
Asset Type
Mixed-use
Closing
Dec 30, 2021
About this deal
AI
Located at 435 Dekalb Avenue in Bedford-Stuyvesant, this mixed-use property recently changed hands in a sale transaction. The property encompasses a total area of 7,020 square feet, with a sale price of $3,310,000. The price per square foot comes out to be $471, reflecting the value of the asset in the market.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $3,310,000
- Date: 12/30/2021
- Market: Bedford-Stuyvesant
The buyer of this property was Jacob Fulop, while Ernesto Gonzalez acted as the seller. The deal was facilitated by brokers Shaun Riney, Dan Greenblatt, and Andrew Bronsteen from Marcus & Millichap.
This transaction exemplifies the active real estate market in Bedford-Stuyvesant, with investors and developers capitalizing on the opportunities presented in the area.
On the Map
$3,310,000
$471/SF
Mixed-use
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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
4.79%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93