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1134 Fulton St, Brooklyn, N...

Blink Fitness Leases 15100 Square Feet At 1134 Fulton St Brooklyn With Tenant's Rep Ezra Saff
LEASEDRetail

Blink Fitness Leases 15100 Square Feet At 1134 Fulton St Brooklyn With Tenant's Rep Ezra Saff

1134 Fulton St, Brooklyn, NY, 11216

Building Size

15,100 SF

Asset Type

Retail

Closing

Apr 15, 2019

AI

The property involved in this transaction is located at 1134 Fulton St, Brooklyn, NY, 11216, with a square footage of 15,100. It is situated within the Brooklyn market and was leased to Blink Fitness. The landlord for the property is Joseph Brunner.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1134 Fulton St, Brooklyn, NY, 11216
  • Market: Brooklyn
  • Tenant: Blink Fitness
  • Landlord: Joseph Brunner
  • Tenant's Representative: Ezra Saff

This lease transaction was facilitated by tenant's representative Ezra Saff, who played a critical role in the agreement between Blink Fitness and landlord Joseph Brunner, ensuring the tenant's interests were effectively represented throughout the negotiation process.

Players

Ezra Saff

Retail Zone

Broker

$14.3M

vol

7 deals

Broker

Joseph Brunner

Bruman Realty

Landlord

$658.8M

vol

19 deals

Landlord
BF
Blink FitnessTenant

Brooklyn 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