Updated Dec 13, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- Units: 3
- Square Footage: 3,000
- Price per Unit: $388,333
- Price per Square Foot: $388
- Buyer: Morris Daniel
- Seller: Steve Sperenza
- Brokerage Firm: Matheos Realty Group
- Brokers: Peter Matheos, Isaiah Thomas, Nazaih Arroyo
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.
On the Map
$1,165,000
$388/SF
MultiFamily
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Players
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