Aurenza Inc Leases Retail Space At 1440 Fulton Street In Bed Stuy For $48 Per Ft
1440 Fulton Street
Building Size
1,500 SF
Asset Type
Retail
Closing
Jul 29, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 1440 Fulton Street in the Bed Stuy market. The lease was signed at an asking rent of $48 per square foot for a total space of 1,500 square feet. The lease term is set for 10 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: SRMC Management
- Tenant: Aurenza Inc
- Brokers: Joey Sakkal - Tri State Commercial Realty & Victor Sefania - Momentum Realty Group
The deal features Joey Sakkal of Tri State Commercial Realty and Victor Sefania from Momentum Realty Group representing the landlord and tenant respectively. Their involvement played a crucial role in facilitating the lease agreement for the retail space.
On the Map
Retail
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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
330479.17%
Cash-on-Cash
-94451.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93