The Best Of Ny Food Leases Retail Space B At 118 Fulton Street In New York With John Roesch - Meridian Capital Group
118 Fulton Street, New York City, New York 10038, United States
$185
$185/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 20, 2023
About this deal
AI
The retail space located at 118 Fulton Street (Space B) in New York has been leased. The lease was signed by The Best Of Ny Food, a tenant seeking to establish their presence in the market. The lease transaction was facilitated by John Roesch from Meridian Capital Group, acting as the tenant's representative.
Summary of transaction details
- Property Type: Retail
- Transaction Date: January 20, 2023
- Address: 118 Fulton Street (Space B), New York
- Market: New York
- Tenant: The Best Of Ny Food
- Broker: John Roesch - Meridian Capital Group
- Asking Rent: $185/sq ft
- Square Footage: 1,000 sq ft
John Roesch, representing Meridian Capital Group, played a crucial role in securing the lease deal for The Best Of Ny Food at 118 Fulton Street. His expertise and negotiation skills were instrumental in finalizing the lease terms.
Players
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
85745.95%
Cash-on-Cash
-24506.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93