Language Bean Leases Retail Space At 106 Fulton In Financial District
106 Fulton Street, New York City, New York 10038, United States
Building Size
3,500 SF
Asset Type
Retail
Closing
Jan 11, 2022
AI
Language Bean has signed a lease for a retail space at 106 Fulton Street in the Financial District. The property spans 3,500 square feet and was leased at an asking rent of $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Tenant: Language Bean
- Address: 106 Fulton Street
- Market: Financial District
- Asking Rent: $75/ft.
- Square Footage: 3,500
Ross Kaplan and William Chaplin from Newmark represented the tenant, Language Bean, in the lease transaction. Ben Biberaj, from Meridian Retail Leasing, acted as the landlord's representative.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93