Jem Realty Leases Retail Space To Fulton Bakery At 1309 Fulton Street In Bed-Stuy
LEASED
New York
See Similar DealsRetail1,500 SF
Leased
LEASED
Jem Realty Leases Retail Space To Fulton Bakery At 1309 Fulton Street In Bed-Stuy
1309 Fulton Street
See Similar DealsRetail1,500 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$90
Total Square Footage:1500 SF
Transaction Type:Lease
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
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$154,762.37
Total Lease Value
$1,547,623.71
Net Landlord Cash Flow$154,762.37
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