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Nadav Hamo Acquires Multifamily Property On Fulton Street For $10.25M

Property Image
SOLD
$10,250,000

New York

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MultiFamily21,643 SF
Sold 10/14/2021
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Property Image
SOLD

Nadav Hamo Acquires Multifamily Property On Fulton Street For $10.25M

1071 Fulton Street, Brooklyn, New York 11238, United States

See Similar Deals
MultiFamily21,643 SF
Sold 10/14/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$473
Total Square Footage:21,643 SF
Transaction Type:Sale

The multifamily property located at 1071 Fulton Street in Clinton Hill has been sold in a recent transaction. The property is zoned as R7A and C2-4, indicating a mix of residential and commercial development possibilities. It spans across a lot size of 7,515 square feet with dimensions of 90 feet by 118 feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,250,000
  • Market: Clinton Hill
  • Building Square Footage (BSF): 30,060
  • Price per BSF: $340
  • Property Square Footage (SF): 21,643
  • Price per SF: $473
  • Floor Area Ratio (FAR): 2.88
  • Tax Class: 2

Nadav Hamo has acquired the property from Alfred Thompson as the buyer. The last sale of the property was recorded on October 26, 2004, with a sale price of $320,000. It should be noted that a full demolition permit was issued on December 21, 2006.

Players

9 deals$68.1M volume
BUYER

Details

SOLD
IMAGE: 10/14/2021 ADDRESS: 1071 FULTON STREET MARKET: Clinton Hill ASSET TYPE: Multifamily ~ ZONING: R7A, C2-4 BUYER: Nadav Hamo SELLER: Alfred Thompson PRICE: $10,250,000 BSF: 30,060 ~ PPBSF: $340 SF: 21,643 ~ PPSF: $473 FAR: 2.88 TAX CLASS: 2 LOT SIZE: 7,515 LAST SALE PRICE: $320,000 (10/26/2004) PERMITS: Full Demolition (12/21/2006) LOT DIMENSION: 90 ft x 118 ft

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Debt Service Coverage Ratio (DSCR)

0.94x

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