Agus Holdings Acquires Retail Property In Brooklyn For $2.6M
SOLD
$2,600,000
New York
See Similar DealsRetail7,500 SF
Sold 12/20/2023
SOLD
Agus Holdings Acquires Retail Property In Brooklyn For $2.6M
517 Fulton Mall
See Similar DealsRetail7,500 SF
Sold 12/20/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$346
Total Square Footage:7,500 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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