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1192 Fulton Street

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
LEASEDRetail

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

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.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord
DC
Dave'S Hot ChickenTenant

Market 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