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435 Dekalb Avenue, Brooklyn...

Jacob Fulop Acquires Mixed-Use Property In Bedford-Stuyvesant For $3.31M
SOLDMixed-use

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

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.

Players

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

359 deals

Broker

Jacob Fulop

Buyer

$81.2M

vol

8 deals

Buyer

Ernesto Gonzalez

Seller

$6.1M

vol

2 deals

Seller

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