Health Plus Drugs Inc. Leases Retail Space In Bedford-Stuyvesant
1229 Fulton Street, Brooklyn, NY, USA
Building Size
3,600 SF
Asset Type
Retail
Closing
Jan 21, 2021
AI
The retail property located at 1229-1231 Fulton Street in Bedford-Stuyvesant has been leased. The transaction took place on January 22, 2021. The asset spans a total of 3,600 square feet and is situated in the Bedford-Stuyvesant market.
Summary of transaction details:
- Property Type: Retail
- Tenant: Health Plus Drugs Inc.
- Landlord: Soly A. Bawabeh & Eddie Mizrachi
- Brokers: Josh Augenbaum of Augenbaum Realty NY, Maxim Raevschi of AbendumRE
- Asking Rent: $50 per square foot
The tenant, Health Plus Drugs Inc., will occupy the leased retail space. The landlord for this transaction is Soly A. Bawabeh and Eddie Mizrachi. The deal was facilitated by brokers Josh Augenbaum of Augenbaum Realty NY and Maxim Raevschi of AbendumRE.
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