EBike Express Leases Retail Space In Bed-Stuy At 1311 Fulton Street
1311 Fulton Street
$75
$75/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Nov 1, 2023
About this deal
AI
The retail property located at 1311 Fulton Street in Bed-Stuy has been leased to EBike Express. The property is a ground lease with an asking rent of $75 per square foot for a total of 1,500 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Address: 1311 Fulton Street
- Market: Bed-Stuy
The landlords for this lease are Alan Jemal, Steve Jemal, and Ruth Jemal. The brokers involved in the deal are Solomon Sharaby and Nathan Aballi from KSR.
On the Map
$75
$75/SF
Retail
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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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93