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64 Fulton Street

Multifamily Property At 64 Fulton Street Sold For $18.87M By Newmark Brokers
SOLDMultiFamily

Multifamily Property At 64 Fulton Street Sold For $18.87M By Newmark Brokers

64 Fulton Street

$18,875,000

$456/SF

Building Size

41,369 SF

Asset Type

MultiFamily

Closing

Dec 6, 2024

AI

The property asset involved in this transaction is located at 64 Fulton Street in the Financial District, characterized as a multifamily asset. The sale price was recorded at $18,875,000, encompassing a total square footage of 41,369, which translates to a price per square foot of $456.

Summary of transation details:

This transaction was represented by brokers Maurice Suede, Eric Roth, Brett Siegel, and Tyler Signora of Newmark, highlighting their role in facilitating the deal. A notable aspect of this property is its potential for boutique office to residential conversion, as mentioned by the broker.

Players

Brett Siegel

Newmark

Broker

$6.4B

vol

79 deals

Broker

New York 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

0.84%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93