Magic Moments Daycare Leases Retail Space In Bedford Stuyvesant
20 Fulton Street, Brooklyn, NY, USA
Building Size
10,000 SF
Asset Type
Retail
Closing
Dec 31, 2020
About this deal
AI
Located in Bedford Stuyvesant, the retail property at 1520 Fulton Street has recently been leased. The lease transaction took place on January 1, 2021, with Magic Moments Daycare becoming the tenant. The landlord of the property is Victor Bukai.
Summary of transaction details
- Property Type: Retail
- Transaction Date: January 1, 2021
- Address: 1520 Fulton Street
- Market: Bedford Stuyvesant
Magic Moments Daycare was represented by Victor Salem, Chandler Slate, and Avi Akiva of Tri-State Commercial. The asking rent for the 10,000 square feet space was $50 per square foot.
On the Map
Retail
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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