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1413 Fulton Street, Brookly...

Pizza Hut & Dickey's BBQ Pit Leases Retail Space In Bedford-Stuyvesant, Brooklyn On Fulton St
LEASEDRetail

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

Bruce Herman

Booth Street

Broker

$41.1M

vol

22 deals

Broker
RW Real Estate
RW Real EstateLandlord
Pizza Hut
Pizza HutTenant

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