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1175 Fulton Street

Sasha Mehdizadeh Leases Retail Space At 1175 Fulton Street To Pau Hana Group
LEASEDRetail

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

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.

Players

Leo Beda

Tri State Commercial Realty

Broker

5 deals

Broker

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