Shake Shack Leases Retail Space In Bed-Stuy, Brooklyn
1190 Fulton Street, Brooklyn, New York 11216, United States
Building Size
2,800 SF
Asset Type
Retail
Closing
Dec 14, 2021
AI
This retail property located at 1190 Fulton Street in Bedford-Stuyvesant has recently been leased. The transaction took place on December 14, 2021. The asset consists of a 3,000 square foot space. The landlord for this property is Soly A. Bawabeh and Eddie Mizrachi. The tenant who has leased the space is Shake Shack.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 12/14/2021
- Address: 1190 Fulton Street
- Market: Bedford-Stuyvesant
In this deal, the leasing was facilitated by Josh Augenbaum from Augenbaum Realty Corp. and Roberto G. Rhett from GoodSpace NYC. The asking rent for this space was $80 per square foot, resulting in a total rent of approximately $240,000. It is worth mentioning that an additional 2,800 square feet of inline space is available for lease in the same luxury rental building, adjacent to Shake Shack.
Contact Josh Augenbaum at [email protected] for more information regarding the available leasing opportunity.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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