Updated Dec 4, 2024
CMRCL BLVD Arranges Lease For Multifamily Property In Cypress Hills, Brooklyn
2715 Fulton Street
$45
$45/SF
Building Size
950 SF
Asset Type
MultiFamily
Closing
Oct 1, 2023
About this deal
AI
The multifamily property located at 2715 Fulton Street in Cypress Hills, Brooklyn has been leased. The property, managed by Asco Mgmt, was leased through the broker CMRCL BLVD. The lease term is for 5 years with an asking rent of $45/ft and a total square footage of 950.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Leased
- Address: 2715 Fulton Street
- Market: Cypress Hills, Brooklyn
- Landlord: Asco Mgmt
- Broker: CMRCL BLVD
- Asking Rent: $45/ft
- Lease Term: 5 years
This lease transaction provides housing in the residential area of Cypress Hills, Brooklyn. The property, located at 2715 Fulton Street, offers a total square footage of 950 with an asking rent of $45/ft. Asco Mgmt serves as the landlord, while CMRCL BLVD acted as the broker in the deal.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93