Theradynamics Rehab Management Leases Retail Space On Fulton St. In Bedford-Stuyvesant
1618-1620 Fulton St - The Garnet
Building Size
9,841 SF
Asset Type
Retail
Closing
Sep 22, 2022
About this deal
AI
The retail property located at 1618-1620 Fulton St. in Bedford-Stuyvesant has been leased. The landlord, BFC PARTNERS, was represented by Aric Trakhtenberg, Marc Frankel, and Jeffrey Roseman from Newmark. The tenant, Theradynamics Rehab Management, was represented by George Skaliarinis and Mark Gallucci from KSR. The lease deal was finalized on September 22, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Date: September 22, 2022
- Address: 1618-1620 Fulton St.
- Market: Bedford-Stuyvesant
- Landlord: BFC PARTNERS - Matthew Stewart
- Tenant: Theradynamics Rehab Management
- Tenant's Rep: George Skaliarinis & Mark Gallucci - KSR
- Landlord's Rep: Aric Trakhtenberg, Marc Frankel & Jeffrey Roseman - Newmark
- Asking Rent: $45/ft.
- Square Footage: 9,841 SF
The lease was secured at an asking rent of $45 per square foot for a total area of 9,841 square feet.
On the Map
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Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93