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2715 Fulton Street

Updated Dec 4, 2024

CMRCL BLVD Arranges Lease For Multifamily Property In Cypress Hills, Brooklyn
LEASEDMultiFamily

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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Deal FAQ

About $45 per square foot on a published $45 for 950 square feet (2023).

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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

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