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517 Fulton Mall

Agus Holdings Acquires Retail Property In Brooklyn For $2.6M
SOLDRetail

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

Adam Agus

Booth Street

Broker

$11.1M

vol

11 deals

Broker
Agus Holdings
Agus HoldingsBuyer

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