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375 Chicken 'N Fries Signs Long-Term Lease In Bed-Stuy Brooklyn For Retail Space

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LEASED
$84

New York

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Retail2,139 SF
Leased
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Property Image
LEASED

375 Chicken 'N Fries Signs Long-Term Lease In Bed-Stuy Brooklyn For Retail Space

1290-1294 Fulton Street

See Similar Deals
Retail2,139 SF
Leased
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$84
Total Square Footage:2139 SF
Transaction Type:Lease

Located at 1290-1294 Fulton Street in Bed-Stuy, the retail property involved in this transaction spans 2,139 square feet. The lease was signed by the tenant, 375 Chicken 'N Fries, with an asking rent of $84 per square foot under a Modified Gross Lease agreement.

Summary of transaction details:

Baruch Edelkopf and Steven Hakakian of Schuckman Realty represented the landlord, Joel Jacobs, in this lease transaction. On the tenant's side, Aric Trakhtenberg from Newmark acted as the representative for 375 Chicken 'N Fries. The deal secured a long-term agreement for the tenant at a strategic location in Bed-Stuy Brooklyn, specifically at the intersection of Fulton Street and Nostrand Avenue.

Players

Aric Trakhtenberg
50 deals$8.3M volume(212) 916-3386
BROKER

Baruch Edelkopf
BK Real Estate Advisors
27 deals$110.7M volume(646) 919-2446
BROKER

Steven Hakakian
Schuckman Realty
13 deals$27.8M volume(845) 596-5183
BROKER

Details

LEASED
IMAGE: Baruch Edelkopf, Aric Trakhtenberg & Steven Hakakian DATE: 02/15/2024 ADDRESS: 1290-1294 Fulton Street MARKET: Bed-Stuy ASSET TYPE: Retail LANDLORD: Joel Jacobs TENANT: 375 Chicken 'N Fries (@375Chicken) LANDLORD'S REP: Baruch Edelkopf (@Baruch_In_Brooklyn) & Steven Hakakian (@StevenHakakian) - Schuckman Realty (@SchuckmanRealty) TENANT'S REP: Aric Trakhtenberg - Newmark (@Newmark) ASKING RENT: $84/ft ~ SF: 2,139 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: 375 Chicken 'N Fries inked a long term deal in Bed-Stuy Brooklyn on the South block at the intersection of Fulton Street and Nostrand Avenue.

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Deal Type
Effective Rent (Annual)

$205,978.40

Total Lease Value

$2,059,783.98

Net Landlord Cash Flow$205,978.40