Jimmy Johns Signs Modified Gross Lease For Retail Space At 102 Fulton Street In Fulton, Manhattan
102 Fulton Street
$275
$275/SF
Building Size
1,302 SF
Asset Type
Retail
Closing
Dec 20, 2023
AI
The retail property located at 102 Fulton Street in Fulton, Manhattan has been leased. The lease transaction was completed on December 20, 2023. The property spans a total area of 1,302 square feet. The landlord of the property is Hubb NYC, while the tenant is Jimmy Johns. The lease agreement is of the Modified Gross Lease type. The asking rent for the property was $275 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 102 Fulton Street
- Market: Fulton, Manhattan
- Landlord: Hubb NYC
- Tenant: Jimmy Johns
- Landlord's Rep: Andrew Stern, Ariel Schuster & Ross Berkowitz - Newmark
- Tenant's Rep: Sam Martorella & Andrew Mandell - Ripco
- Asking Rent: $275/ft
- Square Footage: 1,302
- Lease Type: Modified Gross Lease
The lease deal was facilitated by the landlord's representatives from Newmark, namely Andrew Stern, Ariel Schuster, and Ross Berkowitz. Representing the tenant, Jimmy Johns, were Sam Martorella and Andrew Mandell from Ripco.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
57683.64%
Cash-on-Cash
-16486.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93