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726 Franklin Avenue

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

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

726 Franklin Avenue

$3,150,000

$431/SF

Building Size

7,308 SF

Asset Type

Mixed-use

Closing

Sep 18, 2025

AI

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

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Jacob Fulop

Buyer

$81.2M

vol

8 deals

Buyer

Brooklyn 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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93