Sasha Mehdizadeh Leases Retail Space At 1175 Fulton Street To Pau Hana Group
1175 Fulton Street
$156
$156/SF
Building Size
500 SF
Asset Type
Retail
Closing
Feb 24, 2025
About this deal
AI
The property involved in this transaction is a retail space located at 1175 Fulton Street in Brooklyn. The modified gross lease was negotiated at an asking rent of $156 per square foot, covering a space of 500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $156/ft
- Lease Type: Modified Gross Lease
- Address: 1175 Fulton Street
- Market: Brooklyn
- Landlord: Sasha Mehdizadeh
- Tenant: Pau Hana group
- Brokers: Fredy Bagdadi & Leo Beda - Tri State Commercial Realty
This lease transaction involved the landlord Sasha Mehdizadeh and the tenant Pau Hana group, with Fredy Bagdadi and Leo Beda representing the deal through their affiliation with Tri State Commercial Realty.
On the Map
$156
$156/SF
Retail
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Players
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
101685.90%
Cash-on-Cash
-29062.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93