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
About this deal
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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93