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1290 Fulton Street, Brookly...

30-Minute Hit Leases Retail Space At 1290 Fulton Street In Bed-Stuy
LEASEDRetail

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

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

Baruch Edelkopf

BKREA

Broker

$110.7M

vol

27 deals

Broker

Joel Jacob

Skybrook Capital

Landlord

$63.5M

vol

10 deals

Landlord
3H
30-Minute HitTenant

Brooklyn 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93