09/21/2019

On the Scene: Besen Partners Announced the Sale of 3137 Fulton Street, Brooklyn

Besen Partners announced the sale of 3137 Fulton Street, Brooklyn, a TWO-story, 3,368 s/f mixed-use building with two apartments and store located in the Cypress Hills neighborhood of Brooklyn. Besen Partners exclusively represented the seller and procured the purchaser in this transaction. The sale was handled by Ron Cohen and Jay Bernstein. The property sold for $1,035,000, which translates to a 6.1 percent cap rate, 11.6 GRM, and $307 psf. It is located on the northwest corner of Fulton Street and Norwood Avenue, immediately adjacent to the Norwood Avenue Station on the [J, Z] trains. The store is occupied by David’s Check Cashing, with a lease that goes to 2025.

 

Read More