Firebird Grove Acquires Mixed-Use Property In Fort Greene For $7.5M
SOLD
$7,500,000
New York
See Similar DealsMixed-use7,948 SF
Sold 08/04/2022
SOLD
Firebird Grove Acquires Mixed-Use Property In Fort Greene For $7.5M
666 Fulton Street, Brooklyn, New York 11217, United States
See Similar DealsMixed-use7,948 SF
Sold 08/04/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$943
Total Square Footage:7,948 SF
Transaction Type:Sale
The mixed-use property located at 666 Fulton Street in Fort Greene was recently sold for a price of $7,500,000. The property consists of 5 units, with each unit having a 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 of the property is Firebird Grove, while the seller is Robert Pollock. Firebird Grove was represented by their broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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