Arizona College Of Nursing Signs 10-Year Lease With Jenel Real Estate At 532 Fulton Street
532 Fulton Street
$56
$56/SF
Building Size
40,000 SF
Asset Type
Office
Closing
Jan 14, 2026
AI
An office asset located at 532 Fulton Street in Brooklyn has recently been leased. The property comprises 40,000 square feet and is available for a rental price of $56 per square foot. The lease is set for a duration of 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $56/ft
- Address: 532 Fulton Street
- Market: Brooklyn
- Landlord: Jenel Real Estate
- Tenant: Arizona College of Nursing
- Broker: Bradley Gerla - CBRE
- Lease Term: 10-year lease
- Square Footage: 40,000 SF
Bradley Gerla, representing CBRE, facilitated the leasing transaction for Jenel Real Estate, which will house Arizona College of Nursing's first New York campus in this location.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
283267.86%
Cash-on-Cash
-80958.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93