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1407 Fulton Street

H2 Salon Brooklyn Signs 10-Year Lease At 1407 Fulton Street, Brooklyn For $60/ft
LEASEDRetail

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

Eddie Keda

Momentum Realty Group

Broker

25 deals

Broker
Compass
CompassBrokerage

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