Firebird Grove Acquires Mixed-Use Property In Fort Greene For $7.5M
SOLD
$1,700,000
New York
See Similar DealsMixed-use3,074 SF
Sold 10/01/2020
SOLD
Firebird Grove Acquires Mixed-Use Property In Fort Greene For $7.5M
660 Fulton St, Brooklyn, NY 11217, USA
See Similar DealsMixed-use3,074 SF
Sold 10/01/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$553
Total Square Footage:3,074 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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