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1229 Fulton Street, Brookly...

Health Plus Drugs Inc. Leases Retail Space In Bedford-Stuyvesant
LEASEDRetail

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:

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

Maxim Raevschi

Habendum Real Estate

Broker

8 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93