Carvel Cinnabon Leases Retail Space In Bed Stuy At 1194 Fulton Street With Landlord's Rep Josh Augenbaum - Augenbaum Realty And Tenant's Rep Frank Dasaro - Global Realty Services USA
1194 Fulton St Brooklyn, NY 11216, USA
$80
$80/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Jun 9, 2023
AI
The recently closed lease transaction in Bed Stuy involved a retail property located at 1194 Fulton Street. The property spans 1,400 square feet and was leased by Carvel Cinnabon, who was represented by Frank Dasaro from Global Realty Services USA. The lease term agreed upon was for 10 years. The landlord of the property is Eddie Mizrachi & Soly A. Bawabeh, and they were represented by Josh Augenbaum from Augenbaum Realty. The asking rent for the space was $80 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 1194 Fulton Street
- Market: Bed Stuy
- Tenant: Carvel Cinnabon
- Landlord: Eddie Mizrachi & Soly A. Bawabeh
- Asking Rent: $80/ft
- Lease Term: 10 years
Josh Augenbaum from Augenbaum Realty represented the landlord, and Frank Dasaro from Global Realty Services USA represented Carvel Cinnabon in this lease deal. This transaction signifies a successful agreement between the property's owner and the tenant, with both parties being represented by experienced professionals in the real estate industry.
Players
Miami 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