Louis Galpern Leases 1,600 SF Multifamily Space At 139 Fulton Street, Financial District
139 Fulton Street
$150
$150/SF
Building Size
1,650 SF
Asset Type
Mixed-use
Closing
Feb 14, 2023
About this deal
AI
The multifamily property located at 139 Fulton Street in the Financial District has been leased. The property, spanning 1,600 square feet, was leased by Meet U Nail Spa for a term of 10 years. The landlord for this transaction is Louis Galpern.
Summary of transaction details
- Property Type: Multifamily
- Asking Rent: $150/ft
- Square Footage: 1,600
- Lease Term: 10 Years
- Landlord: Louis Galpern
- Tenant: Meet U Nail Spa
The lease deal was facilitated by Jack Mosseri from Silverline Realty Group, who served as the broker representing Meet U Nail Spa in this transaction.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93