Agus Holdings Acquires Retail Property In Brooklyn For $2.6M
517 Fulton Mall
$2,600,000
$346/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Dec 20, 2023
AI
The retail property located at 517 Fulton Street in the Fulton Mall of Brooklyn has been sold for a transaction amount of $2,600,000. The property spans across 7,500 square feet, resulting in a price per square foot of $347. The sale took place on 12/20/2023.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,600,000
- Square Footage: 7,500
- Price per Square Foot: $347
- Address: 517 Fulton Street - Fulton Mall, Brooklyn
- Market: Brooklyn
The buyer of the property was Agus Holdings, while the seller was Fieldpoint Bank. Adam Agus from Booth Street represented the buyer, Agus Holdings, in the transaction. Jake Horowitz from Colliers International served as the seller's representative.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93