Little Lola & Tots Leases Retail Space In Bedford-Stuyvesant At 1109 Fulton St
1109 Fulton Street, Brooklyn, New York 11238, United States
Building Size
3,000 SF
Asset Type
Retail
Closing
Feb 7, 2022
AI
1109 Fulton St. in Bedford-Stuyvesant was recently leased for retail purposes. The transaction took place on 02/08/2022, with the property being rented out by the landlord, Rubin Equities, to the tenant, Little Lola & Tots. The leasing deal was facilitated by John Le Vine and Stephen Forino from EXR. The property spans 3,000 square feet and had an asking rent of $60 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable
- Date: 02/08/2022
- Address: 1109 Fulton St.
- Market: Bedford-Stuyvesant
- Landlord: Rubin Equities
- Tenant: Little Lola & Tots
- Brokers: John Le Vine & Stephen Forino - EXR
- Asking Rent: $60 per square foot
- Square Footage: 3,000
The deal was successfully negotiated by John Le Vine and Stephen Forino from EXR, who represented Little Lola & Tots in securing this retail lease at 1109 Fulton St. in Bedford-Stuyvesant.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93