Moses Karpen & Moses Lefkowitz Acquire Mixed-Use Property In Clinton Hill For $6.5M
899 Fulton Street, Brooklyn, New York 11238, United States
$6,500,000
$1,023/SF
Building Size
6,353 SF
Asset Type
Mixed-use
Closing
Jul 20, 2022
About this deal
AI
Located at 899 Fulton Street in Clinton Hill, this mixed-use property was recently sold in a closed transaction. The sale took place on July 21, 2022, with Christopher K. Sowers acting as the seller and Moses Karpen & Moses Lefkowitz as the buyers.
Summary of transaction details:
- Property Type: Mixed-use
- Sale Price: $6,500,000
- Square Footage: 6,353
- Price per Square Foot: $1,023
This sale transaction showcases the collaboration between Christopher K. Sowers, the seller, and Moses Karpen & Moses Lefkowitz, the buyers. The property, situated on Fulton Street in Clinton Hill, offers great potential for mixed-use purposes and attracted a sale price of $6,500,000.
Players
New York 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93