Firebird Grove Acquires Mixed-Use Property In Fort Greene, Brooklyn For $7.9M
662 Fulton Mall, Brooklyn, New York 11201, United States
$7,900,000
$793/SF
Building Size
9,960 SF
Asset Type
Mixed-use
Closing
Aug 3, 2022
About this deal
AI
A mixed-use property located at 662 Fulton Street in Fort Greene, Brooklyn, has been sold in a recent transaction. The property is comprised of 5 units, with a total square footage of 9,960. The sale price for this property was $7,900,000, resulting in a price per unit of $1,580,000 and a price per square foot of $793.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,900,000
- Address: 662 Fulton Street
- Market: Fort Greene, Brooklyn
- Buyer: Firebird Grove
- Seller: Robert Pollock
- Units: 5
- Price per Unit: $1,580,000
- Square Footage: 9,960
- Price per Square Foot: $793
Firebird Grove, represented by their broker, successfully acquired the property from the seller, Robert Pollock. This transaction highlights the active real estate market in Fort Greene, Brooklyn.
On the Map
$7,900,000
$793/SF
Mixed-use
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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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93