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517 Fulton Street

Joshua Agus Of Agus Holdings Secures $1,775,000 Refinance Loan For Retail Asset In Brooklyn
FINANCEDRetail

Joshua Agus Of Agus Holdings Secures $1,775,000 Refinance Loan For Retail Asset In Brooklyn

517 Fulton Street

$1,775,000

Building Size

Asset Type

Retail

Closing

Jun 17, 2026

AI

The property involved in this transaction is a retail asset located at 517 Fulton Street in Brooklyn. A refinance loan was secured for this property, amounting to $1,775,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,775,000
  • Lender: Modern Bank
  • Landlord: Joshua Agus - Agus Holdings
  • Loan Type: Refinance

This transaction features key players including Adam Reiss, Joseph Petrelli, Steven Caligor, and Joshua Agus, who were involved in facilitating the loan secured through Modern Bank. The lender is actively pursuing various financing opportunities for multifamily, industrial, and mixed-use assets in the tri-state area.

Players

Joseph Petrelli

Modern Bank

Originator

$6.3M

vol

2 deals

Originator

Market Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.94%

Cash-on-Cash

-2.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93