Dave's Hot Chicken Leases Retail Space At 1192 Fulton Street In Bed Stuy With Landlord's Rep Josh Augenbaum - Augenbaum Realty And Tenant's Rep Ryan Feldman - Alliance Retail Development
1192 Fulton Street
$80
$80/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Apr 13, 2023
About this deal
AI
Eddie Mizrachi and Soly A. Bawabeh have leased their retail property located at 1192 Fulton Street in Bed Stuy. The property spans 1,800 square feet and was leased to Dave's Hot Chicken. The lease term is set for 10 years at an asking rent of $80 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1192 Fulton Street
- Market: Bed Stuy
The landlord, Eddie Mizrachi and Soly A. Bawabeh, were represented by Josh Augenbaum from Augenbaum Realty. Meanwhile, Ryan Feldman from Alliance Retail Development acted as the representative for the tenant, Dave's Hot Chicken.
On the Map
$80
$80/SF
Retail
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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