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102 Fulton Street

Jimmy Johns Signs Modified Gross Lease For Retail Space At 102 Fulton Street In Fulton, Manhattan
LEASEDRetail

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

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

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker
HUBB NYC
HUBB NYCLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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