Lincoln Market Leases Space At 1134 Fulton St, Brooklyn From Katz & Associates
1134 Fulton St, Brooklyn, NY, 11216
Building Size
12,656 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The property located at 1134 Fulton St, Brooklyn, NY, 11216, in Brooklyn, encompasses a total of 12,656 square feet. This space was leased by Lincoln Market from the landlord, Katz & Associates. The deal was facilitated by the landlord's representatives, Scott Sher and Scott Sherwood.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant: Lincoln Market
- Landlord: Katz & Associates
The lease transaction at 1134 Fulton St involved Lincoln Market as the new tenant entering into an agreement with Katz & Associates, represented by Scott Sher and Scott Sherwood. The deal signifies an important decision that will impact the operations of Lincoln Market within this spacious location in the heart of Brooklyn.
Players
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · 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