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660 Fulton Street, Brooklyn...

Parash Patyol Acquires Mixed-Use Property In Fort Greene For $2.25M
SOLDMixed-use

Parash Patyol Acquires Mixed-Use Property In Fort Greene For $2.25M

660 Fulton Street, Brooklyn, New York 11217, United States

$2,250,000

$750/SF

Building Size

3,000 SF

Asset Type

Mixed-use

Closing

Feb 16, 2022

AI

Located at 660 Fulton Street in the Fort Greene neighborhood of Brooklyn, this mixed-use property was recently sold in a transaction. The property spans 3,000 square feet and was sold for a total price of $2,250,000, resulting in a price per square foot of $750. The property was purchased by Parash Patyol from @DaveanHoldings, represented by Sean Lefkovits and David Lloyd. The deal was facilitated by brokers Elad Dror and Tony Park from PdPropertiesNYC.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,250,000
  • Address: 660 Fulton Street
  • Market: Fort Greene, Brooklyn
  • Buyer: Parash Patyol
  • Seller: @DaveanHoldings - Sean Lefkovits & David Lloyd
  • Brokers: Elad Dror & Tony Park @PdPropertiesNYC
  • Square Footage: 3,000
  • Price Per Square Foot: $750

The seller provided a note stating that they had purchased the property in 2020 for $1.7 million and it has now been sold to an end user. The property's excellent location next to Barclays Center adds to its appeal.

Players

Elad Dror

PD Properties

Broker

$191.5M

vol

12 deals

Broker
Sean Lefkovits

Sean Lefkovits

Davean Holdings

Seller

$295.5M

vol

34 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93