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
Brooklyn Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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