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1143 Fulton Street

National Vision Center Leases 1,200 SF Office Space At 1143 Fulton Street For $75/ft
LEASEDOffice

National Vision Center Leases 1,200 SF Office Space At 1143 Fulton Street For $75/ft

1143 Fulton Street

$6,750

$6,750/SF

Building Size

1,200 SF

Asset Type

Office

Closing

Jun 14, 2026

AI

The property asset involved in this transaction is located at 1143 Fulton Street in the Bedstuy market. It consists of office space totaling 1,200 square feet and is subject to a modified gross lease agreement. The landlord of the property is Joseph Aryeh, and the tenant entering into the lease is the National Vision Center. The asking rent established for this asset is $75 per square foot over a lease term of 5 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $75/ft
  • Lease Term: 5 years
  • Lease Type: Modified Gross Lease
  • Landlord: Joseph Aryeh
  • Tenant: National Vision Center
  • Brokers: Joey Sakkal, Michael Elkharrat, Fredy Halabi & Charles Elbaz - Tri State Commercial Realty

The deal was facilitated by the brokerage team of Joey Sakkal, Michael Elkharrat, Fredy Halabi, and Charles Elbaz, representing the landlord and tenant in this transaction. Their expertise contributed to finalizing the lease agreement for the office space at the specified terms.

Players

Fredy Halabi

Tri State Commercial Realty

Broker

$8.3M

vol

14 deals

Broker
Tri State Commercial Realty
Tri State Commercial RealtyBrokerage

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

2350.07%

Cash-on-Cash

-671.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93