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1290 Fulton Street

30-Minute Hit Leases Retail Space In Bed-Stuy At 1290 Fulton Street With Landlord's Rep Steven Hakakian & Baruch Edelkopf
LEASEDRetail

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

Joel Jacob

Skybrook Capital

Landlord

$63.5M

vol

10 deals

Landlord
3H
30-Minute HitTenant

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