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1109 Fulton Street, Brookly...

Little Lola & Tots Leases Retail Space In Bedford-Stuyvesant At 1109 Fulton St
LEASEDRetail

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

John LeVine

EXR

Broker

$50.6M

vol

42 deals

Broker
RE
Rubin EquitiesLandlord

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