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118 Fulton Street, 19 Dutch

Updated Oct 29, 2024

Omega Jewelers Leases Retail Space At 118 Fulton Street In Financial District With Brokers James Famularo And John Roesch
LEASEDRetail

Omega Jewelers Leases Retail Space At 118 Fulton Street In Financial District With Brokers James Famularo And John Roesch

118 Fulton Street, 19 Dutch

Building Size

1,000 SF

Asset Type

Retail

Closing

Jul 29, 2020

About this deal

AI

Omega Jewelers has signed a lease for a retail space located at 118 Fulton Street, also known as 19 Dutch, in the Financial District. The property is owned by Carmel Partners and was leased through the efforts of brokers James Famularo and John Roesch from Meridian Capital Group. The lease was completed on July 30, 2020, with an asking rent of $300 per square foot for a total of 1,000 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 07/30/2020
  • Address: 118 Fulton Street (19 Dutch)
  • Market: Financial District
  • Asking Rent: $300/ft.
  • Square Footage: 1,000
  • Tenant: Omega Jewelers
  • Landlord: Carmel Partners
  • Brokers: James Famularo, John Roesch from Meridian Capital Group

James Famularo and John Roesch from Meridian Capital Group represented both the tenant, Omega Jewelers, and the landlord, Carmel Partners, in this lease agreement. The retail space at 118 Fulton Street offers a great opportunity for Omega Jewelers to establish its presence in the Financial District.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker
Carmel Partners
Carmel PartnersLandlord

New York Retail Market Snapshot

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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

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