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1227 Fulton Street, Brookly...

Atomic Wings Leases Retail Space In Bedford-Stuyvesant For $120,000 Per Year
LEASEDRetail

Atomic Wings Leases Retail Space In Bedford-Stuyvesant For $120,000 Per Year

1227 Fulton Street, Brooklyn, New York 11216, United States

Building Size

2,000 SF

Asset Type

Retail

Closing

Apr 6, 2022

AI

Located at 1227 Fulton St. in Bedford-Stuyvesant, this retail property has recently been leased. The asset spans over a total of 2,000 square feet and features a prominent storefront with high visibility.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: April 7, 2022
  • Market: Bedford-Stuyvesant
  • Asking Rent: $60 per square foot

The landlord of the property is Eddie Mizrachi, Soly Bawabeh, and Murray Mizrachi. They have successfully leased the space to Atomic Wings, a tenant who will now occupy the premises. The deal was facilitated by brokers Josh Augenbaum from Augenbaum Realty Corp. and Steven Hakakian from Schuckman Realty Inc.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord
AW
Atomic WingsTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93