Meridian Retail Leasing Facilitates Lease Of Retail Space At 13 Old Fulton St. In Brooklyn Heights To The Christmas Store
13 Old Fulton St, Brooklyn Heights, Brooklyn, NY, USA
Building Size
1,800 SF
Asset Type
Retail
Closing
May 17, 2021
About this deal
AI
The retail property located at 13 Old Fulton St. in Brooklyn Heights has been leased in a closed transaction. The deal was facilitated by James Famularo & Yoni Hadar from Meridian Retail Leasing. The property is situated in a prime location in Brooklyn Heights.
Summary of transaction details
- Property Type: Retail
- Address: 13 Old Fulton St.
- Market: Brooklyn Heights
The tenant for the leased property is The Christmas Store. The deal was negotiated by James Famularo and Yoni Hadar from Meridian Retail Leasing. The asking rent for the property was $120 per square foot, with a total area of 1,800 square feet.
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