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
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