Firebird Grove Acquires Mixed-Use Property In Fort Greene For $7.5M
660 Fulton St, Brooklyn, NY 11217, USA
$1,700,000
$553/SF
Building Size
3,074 SF
Asset Type
Mixed-use
Closing
Sep 30, 2020
AI
A mixed-use property located at 666 Fulton Street in Fort Greene was recently sold for a total of $7,500,000. The property consists of 5 units, with an average price per unit of $1,500,000. The total square footage of the property is 7,948, resulting in a price per square foot of $943.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,500,000
- Address: 666 Fulton Street
- Market: Fort Greene
The buyer, Firebird Grove, completed the purchase from the seller, Robert Pollock. Firebird Grove was represented by their broker, Firebird Grove - Real Estate Agency.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93