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
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