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3208 Fulton Street

Ken Cayre Of Cayre Equities Acquires Cypress Hills Senior Center From Zachary Lewis For $5M
SOLDSpecial Purpose

Ken Cayre Of Cayre Equities Acquires Cypress Hills Senior Center From Zachary Lewis For $5M

3208 Fulton Street

$5,000,000

$200/SF

Building Size

25,000 SF

Asset Type

Special Purpose

Closing

Apr 15, 2026

AI

A special purpose asset located at 3208 Fulton Street in Cypress Hills, Brooklyn was sold for $5,000,000. The building encompasses a total area of 25,000 square feet, translating to a price per square foot of $200. The building’s total gross square footage is 30,290, with a price per gross square foot of $165.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $5,000,000
  • Buyer: Ken Cayre - Cayre Equities
  • Seller: Zachary Lewis
  • Date of Sale: April 15, 2026
  • Date Recorded: April 29, 2026

Cayre Equities, through Cs 3208 Fulton LLC, completed the acquisition of the Cypress Hills-Fulton St. Senior Center from Zachary Lewis, marking a significant transaction in the local real estate market.

Players

Ken Cayre

Cayre Equities

Buyer

$27.3M

vol

2 deals

Buyer

Zachary Lewis

Seller

$25M

vol

2 deals

Seller

Brooklyn Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93