Poulette Leases Retail Space At 88 Fulton Street In Manhattan
88 Fulton Street
$100
$100/SF
Building Size
1,200 SF
Asset Type
—
Closing
Sep 12, 2022
About this deal
AI
The property asset involved in this transaction is a retail space located at 88 Fulton Street in Manhattan. The asking rent for this space was set at $100 per square foot, with a total area of 1,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Address: 88 Fulton Street
- Market: Manhattan
- Tenant: Poulette
- Tenant's Representative: Ravi Idnani & Ariel Schuster - Newmark
- Landlord's Representative: Ben Biberaj & Elliot Wygoda – Meridian Retail Leasing
Key individuals in this transaction include Ravi Idnani and Ariel Schuster representing the tenant, Poulette, while Ben Biberaj and Elliot Wygoda represented the landlord in the leasing process.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93