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
About this deal
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.
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