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106 Fulton Street, New York...

Language Bean Leases Retail Space At 106 Fulton In Financial District
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 deals

Broker

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