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1309 Fulton Street

Crispy Burger Inc. Signs Ground Lease At 1309 Fulton Street In Bedford Stuyvesant
LEASEDRetail

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

Joshua Berkun

Kassin Sabbagh Realty

Broker

$3.3M

vol

12 deals

Broker
JR
Jem RealtyLandlord

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