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1190 Fulton Street, Bedford...

Boston Market Leases Retail Space At 1190 Fulton Street In Bedford-Stuyvesant With Tenant's Rep George Skaliarinis & Mark Galluci - Sabre Real Estate Group And Landlord's Rep Josh Augenbaum - Augenbaum Realty Corp
LEASEDRetail

Boston Market Leases Retail Space At 1190 Fulton Street In Bedford-Stuyvesant With Tenant's Rep George Skaliarinis & Mark Galluci - Sabre Real Estate Group And Landlord's Rep Josh Augenbaum - Augenbaum Realty Corp

1190 Fulton Street, Bedford-Stuyvesant, Brooklyn, NY, USA

Building Size

2,500 SF

Asset Type

Retail

Closing

Apr 25, 2021

AI

A lease transaction was recently completed in the Bedford-Stuyvesant market of Brooklyn. The retail property located at 1190 Fulton Street was the subject of the deal.

Summary of transaction details

  • Property Type: Retail
  • Tenant: Boston Market
  • Landlord: Eddie Mizrachi & Soly A. Bawabeh
  • Tenant's Representative: George Skaliarinis & Mark Galluci - Sabre Real Estate Group
  • Landlord's Representative: Josh Augenbaum - Augenbaum Realty Corp.
  • Asking Rent: $85/ft.
  • Square Footage: 2,500

The tenant, Boston Market, was represented by George Skaliarinis and Mark Galluci from Sabre Real Estate Group. On the other hand, Eddie Mizrachi and Soly A. Bawabeh served as the landlords. Josh Augenbaum, from Augenbaum Realty Corp., acted as the representative for the landlord.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

148 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord
BM
Boston MarketTenant

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