H2 Salon Brooklyn Signs 10-Year Lease At 1407 Fulton Street, Brooklyn For $60/ft
1407 Fulton Street
$60
$60/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
May 31, 2026
AI
The property asset involved in this transaction is a retail space located at 1407 Fulton Street in Brooklyn. The asking rent for this commercial space is set at $60 per square foot, encompassing a total of 2,000 square feet. The lease agreement established is classified as a modified gross lease, with a duration of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Mindy Meisels
- Tenant: H2 Salon Brooklyn
- Landlord's Representative: Eddie Keda - Momentum Realty Group
- Tenant's Representative: Jonathan Kramer - Compass
The deal involves key individuals such as landlord Mindy Meisels and tenant H2 Salon Brooklyn, indicating the parties entering into this lease. Eddie Keda, representing the landlord through Momentum Realty Group, and Jonathan Kramer, representing the tenant via Compass, are pivotal in facilitating this transaction.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93