Pizza Hut & Dickey's BBQ Pit Leases Retail Space In Bedford-Stuyvesant, Brooklyn On Fulton St
1413 Fulton Street, Brooklyn, New York 11216, United States
Building Size
3,750 SF
Asset Type
Retail
Closing
May 19, 2022
AI
This retail property located at 1413 Fulton St. in Bedford-Stuyvesant was recently leased. The deal was finalized on 05/20/2022. The property is owned by RW Real Estate and has been leased to Pizza Hut & Dickey's BBQ Pit. The lease was negotiated by Bruce Herman from Booth Capital Advisors, who represented the tenant in the transaction. The asking rent for the property was $55 per square foot, and the total square footage of the space is 3,750 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1413 Fulton St.
- Market: Bedford-Stuyvesant
- Landlord: RW Real Estate
- Tenant: Pizza Hut & Dickey's BBQ Pit
- Tenant's Rep: Bruce Herman - Booth Capital Advisors
- Asking Rent: $55/ft.
- SF: 3,750
Bruce Herman from Booth Capital Advisors played a crucial role in representing Pizza Hut & Dickey's BBQ Pit in securing the lease for this retail space. His extensive expertise and negotiation skills helped finalize the agreement with the landlord, RW Real Estate. This transaction showcases the growing popularity of the Bedford-Stuyvesant market and highlights the successful collaboration between the tenant, landlord, and their respective representatives.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93