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.
Brooklyn Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
Loading comparables…
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