PT Of City Signs 10-year Lease For Retail Space At 1230 Fulton Street In Bedford-Stuyvesant
1230 Fulton Street, Bedford-Stuyvesant, Brooklyn, NY, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Nov 24, 2021
About this deal
AI
Located at 1230 Fulton Street in Bedford-Stuyvesant, this retail property was recently leased for a term of 10 years. The asset spans 2,000 square feet and was leased for an asking rent of $60 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
The landlords of the property are Soly A. Bawabeh and Eddie Mizrachi. They successfully secured PT Of City as the tenant for this lease deal. The lease was facilitated by Josh Augenbaum from Augenbaum Realty Corp.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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