Haagen-Dazs Leases Retail Space In Dumbo, Brooklyn's 11 Old Fulton St
11 Old Fulton Street, Brooklyn, NY, USA
Building Size
2,200 SF
Asset Type
Retail
Closing
Feb 14, 2021
About this deal
AI
The retail property located at 11 Old Fulton St. in Dumbo, Brooklyn has been leased. The transaction took place on February 15, 2021. The asset spans a total of 2,200 square feet and is situated in the vibrant market of Dumbo.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $135 per square foot
- Tenant: Haagen-Dazs
- Landlord: Leser Group
- Brokers: Yoni Hadar and James Famularo from Meridian Retail Leasing, Raj Whadwa from Newmark
The leasing transaction was facilitated by Yoni Hadar and James Famularo from Meridian Retail Leasing, along with Raj Whadwa from Newmark, representing the tenant, Haagen-Dazs, and the landlord, Leser Group.
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