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
About this deal
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.
On the Map
$1,775,000
Retail
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Players
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