15 Old Fulton Convenience Inc. Leases Retail Space In Dumbo
15 Old Fulton Street
$148
$148/SF
Building Size
1,300 SF
Asset Type
—
Closing
Aug 17, 2022
About this deal
AI
The retail property located at 15 Old Fulton Street in Dumbo has been leased. The tenant, 15 Old Fulton Convenience Inc., has signed a lease agreement for the space. The property spans approximately 1,300 square feet and was leased at an asking rent of $148 per square foot. The lease transaction was facilitated by Garrett Kelly and James Famularo of Meridian Retail Leasing.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 15 Old Fulton Street
- Market: Dumbo
- Tenant: 15 Old Fulton Convenience Inc.
- Asking Rent: $148/ft.
- Square Footage: 1,300
- Brokers: Garrett Kelly & James Famularo - Meridian Retail Leasing
The lease deal was successfully negotiated by Garrett Kelly and James Famularo of Meridian Retail Leasing. They played a key role in representing both the tenant, 15 Old Fulton Convenience Inc., and ensuring a successful transaction for all parties involved.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
107182.43%
Cash-on-Cash
-30633.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93