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Jacob Fulop Acquires Mixed-use Property At 726 Franklin Avenue Crown Heights For $3.15M

Property Image
SOLD
$3,150,000
Andrew Bronsteen
Daniel Greenblatt
+ 2

New York

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Mixed-use7,308 SF
Sold 09/19/2025
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Property Image
SOLD

Jacob Fulop Acquires Mixed-use Property At 726 Franklin Avenue Crown Heights For $3.15M

726 Franklin Avenue

See Similar Deals
Mixed-use7,308 SF
Sold 09/19/2025
Andrew Bronsteen
Daniel Greenblatt
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$431
Total Square Footage:7,308 SF
Transaction Type:Sale

The mixed-use property located at 726 Franklin Avenue in the Crown Heights market was sold for $3,150,000. The transaction involved 10 units, resulting in a price per unit of $315,000. The total square footage of the asset is 7,308, with a price per square foot of $431.

Summary of transaction details:

This transaction involved key individuals including Jacob Fulop as the buyer, while the broker representatives were Shaun Riney, Daniel Greenblatt, Andrew Bronsteen, and Julian Perla from Marcus & Millichap, who facilitated the deal for the buyer.

Players

Andrew Bronsteen
64 deals$257.5M volume
BROKER

Daniel Greenblatt
Marcus & Millichap
69 deals$263.4M volume
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

Julian Perla
4 deals$70M volume
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Daniel Greenblatt, Shaun Riney, Andrew Bronsteen & Julian Perla DATE: 9/19/2025 ADDRESS: 726 Franklin Avenue MARKET: Crown Heights ASSET TYPE: Mixed-use BUYER: Jacob Fulop BROKERS: Shaun Riney (@ShaunRiney1), Daniel Greenblatt (@Dealblatt), Andrew Bronsteen (@BKBronsteen) & Julian Perla - Marcus & Millichap SALE PRICE: $3,150,000 UNITS: 10 ~ PPU: $315,000 SF: 7,308 ~ PPSF: $431

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$168,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28