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
About this deal
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.
On the Map
$24,075,000
$194/SF
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Ethan Stanton to view all their deals.
Browse New York mixed use sales on Traded.
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