Crispy Burger Inc. Signs Ground Lease At 1309 Fulton Street In Bedford Stuyvesant
1309 Fulton Street
$90
$90/SF
Building Size
1,350 SF
Asset Type
Retail
Closing
Oct 1, 2023
AI
The retail property located at 1309 Fulton Street in Bedford Stuyvesant has been leased to Crispy Burger Inc. The lease is a ground lease with an asking rent of $90 per square foot for a total of 1,350 square feet.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $90/ft
- Square Footage: 1,350
- Address: 1309 Fulton Street
- Market: Bedford Stuyvesant
The landlord of the property is Alan Jemal from Jem Realty. The lease was facilitated by brokers Solomon Sharaby, Joshua Berkun, and Nathan Aballi from KSR.
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