30-Minute Hit Leases Retail Space In Bed-Stuy At 1290 Fulton Street With Landlord's Rep Steven Hakakian & Baruch Edelkopf
1290 Fulton Street
Building Size
2,061 SF
Asset Type
Retail
Closing
Nov 14, 2022
AI
A 2,061 square foot retail space located at 1290 Fulton Street in the Bed-Stuy market has been leased. The property was leased by 30-Minute Hit.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1290 Fulton Street
- Market: Bed-Stuy
- Landlord: Joel Jacob
- Tenant: 30-Minute Hit
Representing the landlord, Joel Jacob, were Steven Hakakian and Baruch Edelkopf from Schuckman Realty. Sean Young acted as the tenant's representative.
Schuckman Realty is excited to announce the lease of the 2,061 square foot retail space at 1290 Fulton Street in Bed-Stuy. This lease marks the third lease at this location, following the previous leases with Payomatic and a local juice bar. It is worth noting that Schuckman Realty's Investment Sales team sold the building to the current owners on December 15, 2021. This successful lease further demonstrates Schuckman's in-house collaboration between their Investment Sales and Leasing teams, ensuring maximum value for their clients. Stay tuned for more exciting leases coming soon at this location!
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