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570 Fulton Street,Downtown ...

Goose Property Management Acquires Development Site On Fulton Street For $24M
SOLDMixed-use

Goose Property Management Acquires Development Site On Fulton Street For $24M

570 Fulton Street,Downtown Brooklyn,New York

$24,075,000

$194/SF

Building Size

123,872 SF

Asset Type

Mixed-use

Closing

Feb 2, 2023

AI

Goose Property Management has acquired a development site located at 570 Fulton Street in New York City. The property was sold by The Davis Companies in a closed transaction. The site spans 107,000 square feet and was sold for a total price of $24,075,000, resulting in a price per square foot of $225.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $24,075,000
  • SF: 107,000
  • PPSF: $225

The deal was facilitated by the broker team consisting of Stephen Palmese, Brendan Maddigan, Ethan Stanton, Michael Mazzara, Winfield Clifford, and Jay Leshinsky, all from JLL.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
GM
Goose Property ManagementBuyer

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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93