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1196 Fulton St Brooklyn, NY...

Champion Pizza Leases Retail Space In Bed Stuy Building Owned By Eddie Mizrachi & Soly A. Bawabeh
LEASEDRetail

Champion Pizza Leases Retail Space In Bed Stuy Building Owned By Eddie Mizrachi & Soly A. Bawabeh

1196 Fulton St Brooklyn, NY 11216, USA

$80

$80/SF

Building Size

1,800 SF

Asset Type

Retail

Closing

Jul 18, 2023

AI

The property involved in this lease transaction is a retail space located at 1196 Fulton Street in the Bed Stuy market. The space spans approximately 1,800 square feet and has an asking rent of $80 per square foot. The lease term for this property is 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $80/ft
  • Square Footage: 1,800
  • Lease Term: 10 years
  • Address: 1196 Fulton Street
  • Market: Bed Stuy

Eddie Mizrachi and Soly A. Bawabeh are the landlords of this retail space. The tenant who will be occupying the space is Champion Pizza. Representing the landlord in this lease transaction is Josh Augenbaum from Augenbaum Realty.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93