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662 Fulton Mall, Brooklyn, ...

Firebird Grove Acquires Mixed-Use Property In Fort Greene, Brooklyn For $7.9M
SOLDMixed-use

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

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.

Players

FG
Firebird GroveBuyer

Robert Pollock

Seller

$17.1M

vol

3 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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93