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141 Fulton Street, New York...

Updated Oct 28, 2024

CBD Kratom Leases Retail Space At 141 Fulton Street In FiDi
LEASEDRetail

CBD Kratom Leases Retail Space At 141 Fulton Street In FiDi

141 Fulton Street, New York, NY 10038

Building Size

1,400 SF

Asset Type

Retail

Closing

Oct 25, 2021

About this deal

AI

The retail property located at 141 Fulton Street in FiDi was recently leased. The tenant, CBD Kratom, will occupy the space, which is owned by Empire Dynasty Realty, represented by Lilian Cohen. George Skaliarinis of KSR acted as the tenant's representative, while Evan Clements and Austin Knief of Atlantic Retail represented the landlord.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $175/ft.
  • Square Footage: 1,400

The deal involved CBD Kratom securing a lease for the retail space at 141 Fulton Street. The tenant's representative, George Skaliarinis of KSR, facilitated the agreement with the landlord, Empire Dynasty Realty, represented by Lilian Cohen. The landlord's representatives, Evan Clements and Austin Knief of Atlantic Retail, negotiated the terms of the lease on behalf of Empire Dynasty Realty.

On the Map

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Retail

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Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

55 deals

Broker
CK
CBD KratomTenant
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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