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1190 Fulton Street, Brookly...

Chipotle Mexican Grill Leases Retail Space In Bedford-Stuyvesant
LEASEDRetail

Chipotle Mexican Grill Leases Retail Space In Bedford-Stuyvesant

1190 Fulton Street, Brooklyn, New York 11216, United States

$80

$80/SF

Building Size

2,800 SF

Asset Type

Retail

Closing

May 16, 2022

AI

Chipotle Mexican Grill has signed a lease for a retail space at 1190 Fulton St. in Bedford-Stuyvesant. The property, spanning 2,800 square feet, was leased by Chipotle from landlords Eddie Mizrachi and Soly A. Bawabeh. The deal was facilitated by brokers Josh Augenbaum of Augenbaum Realty Corp. and Benjamin Weiner of Ripco Real Estate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Asking Rent: $80 per square foot
  • Property Square Footage: 2,800
  • Address: 1190 Fulton St.
  • Market: Bedford-Stuyvesant

The lease agreement between Chipotle and the landlords, Eddie Mizrachi and Soly A. Bawabeh, was brokered by Josh Augenbaum of Augenbaum Realty Corp. and Benjamin Weiner of Ripco Real Estate.

Players

Benjamin Weiner

Ripco

Broker

10 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord
CG
Chipotle Mexican GrillTenant

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93