Gorillas Signs 10-Year Lease For Retail Space On Fulton Street
1194 Fulton Street, Brooklyn, NY, USA
Building Size
3,600 SF
Asset Type
Retail
Closing
Nov 23, 2021
About this deal
AI
The retail property located at 1194-1196 Fulton Street in Bedford-Stuyvesant has been leased. The lease was finalized on November 23, 2021, with a term of 10 years. The property spans 3,600 square feet and the asking rent was $60 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Date: 11/23/2021
- Address: 1194-1196 Fulton Street
- Market: Bedford-Stuyvesant
- Asking Rent: $60/ft.
- Square Footage: 3,600
- Lease Term: 10 Years
The landlord for this retail property is Soly A. Bawabeh & Eddie Mizrachi, represented by Josh Augenbaum of Augenbaum Realty Corp. The tenant is Gorillas, who was represented by Alex Beard of Ripco Real Estate.
On the Map
Retail
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Players
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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