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
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