30-Minute Hit Leases Retail Space At 1290 Fulton Street In Bed-Stuy
1290 Fulton Street, Brooklyn, New York 11216, United States
$50
$50/SF
Building Size
2,061 SF
Asset Type
Retail
Closing
Sep 12, 2022
AI
Located in Bed-Stuy, the retail property at 1290 Fulton Street has been leased to 30-Minute Hit. The property spans 2,061 square feet and was leased for an asking rent of $50 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 09/12/2022
- Address: 1290 Fulton Street
- Market: Bed-Stuy
- Landlord: Joel Jacob
- Tenant: 30-Minute Hit
- Landlord's Representative: Steven Hakakian & Baruch Edelkopf - Schuckman Realty
- Tenant's Representative: Sean Young
- Asking Rent: $50/ft
- Square Footage: 2,061
This lease transaction was facilitated by Steven Hakakian and Baruch Edelkopf from Schuckman Realty, serving as the landlord's representatives. Meanwhile, the tenant was represented by Sean Young. It is worth noting that this lease is the third at the location, following the previous leases with Payomatic and a local juice bar. Schuckman Realty's Investment Sales team had previously sold the building to the current ownership on 12/15/2021.
Stay tuned for more exciting lease announcements from Schuckman Realty in the near future!
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93