Jem Realty Leases Retail Space To Fulton Bakery At 1309 Fulton Street In Bed-Stuy
1309 Fulton Street
$90
$90/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Feb 28, 2026
About this deal
AI
The property asset involved in this lease transaction is a retail space located at 1309 Fulton Street in the Bed-Stuy market. The asset has an asking rent of $90 per square foot and spans 1,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Address: 1309 Fulton Street
- Market: Bed-Stuy
- Landlord: Jem Realty
- Landlord Contact: Alan Jemal
- Tenant: Fulton Bakery
- Landlord's Representatives: Solomon Sharaby, Ori Melloul, Isaac Matalon - KSR
- Tenant's Representatives: Solomon Betesh - Momentum Realty Group, Jonathan Lib - Marquis Real Estate
This lease transaction features Jem Realty as the landlord, represented by Solomon Sharaby, Ori Melloul, and Isaac Matalon from KSR. Fulton Bakery is the tenant in this agreement, represented by Solomon Betesh of Momentum Realty Group and Jonathan Lib from Marquis Real Estate.
Players
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93