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:
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Units: 10
- Price Per Unit: $315,000
- Square Footage: 7,308
- Price Per Square Foot: $431
- Buyer: Jacob Fulop
- Broker Representatives: Shaun Riney, Daniel Greenblatt, Andrew Bronsteen & Julian Perla - Marcus & Millichap
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
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