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

Property Image
SOLD
$3,310,000
Andrew Bronsteen
Daniel Greenblatt
Shaun Riney
+ 2

New York

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Mixed-use7,020 SF
Sold 12/30/2021
the dealplayerscompscontact
Property Image
SOLD

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

435 Dekalb Avenue, Brooklyn, New York 11205, United States

See Similar Deals
Mixed-use7,020 SF
Sold 12/30/2021
Andrew Bronsteen
Daniel Greenblatt
Shaun Riney
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$471
Total Square Footage:7,020 SF
Transaction Type:Sale

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
Andrew Bronsteen
64 deals$257.5M volume
BROKER
Daniel Greenblatt
Marcus & Millichap
Daniel Greenblatt
69 deals$263.4M volume
BROKER
Shaun Riney
Marcus & Millichap
Shaun Riney
355 deals$1.8B volume(718) 475-4369
BROKER
JF
Jacob Fulop
8 deals$81.2M volume
BUYER
EG
Ernesto Gonzalez
2 deals$6.1M volume
SELLER

Details

SOLD
IMAGE: Andrew Bronsteen, Shaun Riney & Dan Greenblatt DATE: 12/30/2021 ADDRESS: 435 Dekalb Avenue MARKET: Bedford-Stuyvesant ASSET TYPE: Mixed-use BUYER: Jacob Fulop SELLER: Ernesto Gonzalez BROKERS: Shaun Riney (@ShaunRiney1), Dan Greenblatt (@DealBlatt) & Andrew Bronsteen (@BkBronsteen) - Marcus & Millichap SALE PRICE: $3,310,000 SF: 7,020 ~ PPSF: $471

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,759.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,691.09
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