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2001 Fulton Street

Morris Daniel Acquires Multifamily Property At 2001 Fulton Street In Brooklyn For $1.165M
SOLDMultiFamily

Morris Daniel Acquires Multifamily Property At 2001 Fulton Street In Brooklyn For $1.165M

2001 Fulton Street

$1,165,000

$388/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Nov 27, 2024

AI

The multifamily property located at 2001 Fulton Street in Brooklyn has been sold for $1,165,000. The asset features a total of 3 vacant apartments across 3,000 square feet, providing a price per unit of $388,333 and a price per square foot of $388.

Summary of transaction details:

Matheos Realty Group successfully facilitated the sale, representing the interests of both the buyer and seller in this transaction. This deal underscores the effective brokerage services provided by Peter Matheos, Isaiah Thomas, and Nazaih Arroyo in the multifamily market.

Players

Isaiah Thomas

Matheos Realty Group

Broker

$76.9M

vol

17 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.62%

Cash-on-Cash

-3.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93