Robert Spiegelman Acquires Retail Property At 446 Fulton Mall Brooklyn For $5,459,000
446 Fulton Mall
$5,459,000
$571/SF
Building Size
9,556 SF
Asset Type
Retail
Closing
Jul 9, 2026
About this deal
AI
Robert Spiegelman acquired a 9,556-square-foot retail property located at 446 Fulton Mall in Brooklyn. The asset was sold by Ralph Braha for a transaction amount of $5,459,000, equating to approximately $571 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,459,000
- Address: 446 Fulton Mall
- Market: Brooklyn
- Square Footage: 9,556
- Price Per Square Foot: $571
- Buyer: Robert Spiegelman
- Seller: Ralph Braha
Robert Spiegelman represented a focused investment strategy by acquiring the retail space on a well-known commercial street. The seller, Ralph Braha, successfully finalized the sale, contributing to the ongoing dynamics of the local real estate market.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93