Jay Greenberg And Conor Hussey Of ZG Property Group Purchase Mixed-Use Asset In Brooklyn For $17.5M
680 Fulton Street
$17,500,000
$370/SF
Building Size
47,179 SF
Asset Type
Mixed-use
Closing
Sep 29, 2026
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 680 Fulton Street, Brooklyn. This property comprises two commercial units and 45 residential units, covering a total area of 47,179 square feet. The transaction was completed for a total sale price of $17,500,000, resulting in a price per unit of $372,340 and a price per square foot of $370.
Summary of transaction details:
- Property Type: Mixed-use (2 Commercial & 45 Residential)
- Transaction Amount: $17,500,000
- Units: 47
- Square Footage: 47,179
- Price Per Unit: $372,340
- Price Per Square Foot: $370
- Buyer: Jay Greenberg, Conor Hussey - ZG Property Group
Jay Greenberg and Conor Hussey acted as the buyers in this transaction, representing ZG Property Group in the acquisition of the property. They strategized to secure this mixed-use asset within the Brooklyn market, contributing to their portfolio expansion.
On the Map
$17,500,000
$370/SF
Mixed-use
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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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93