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1620 Fulton Street

Theradynamics Rehab Management Leases Retail Space At 1620 Fulton Street In Bedford-Stuyvesant
LEASEDRetail

Theradynamics Rehab Management Leases Retail Space At 1620 Fulton Street In Bedford-Stuyvesant

1620 Fulton Street

$45

$45/SF

Building Size

7,566 SF

Asset Type

Retail

Closing

Sep 22, 2022

AI

A retail property located at 1620 Fulton Street in Bedford-Stuyvesant has been leased. The property, spanning 7,566 square feet, was leased by Theradynamics Rehab Management. The landlord in this transaction is Joseph Ferrara.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 1620 Fulton Street
  • Market: Bedford-Stuyvesant
  • Tenant: Theradynamics Rehab Management
  • Landlord: Joseph Ferrara

The tenant's representative in this deal is George Skaliarinis and Mark Gallucci from KSR. The landlord was represented by Aric Trakhtenberg, Marc Frankel, and Jeffrey Roseman from Newmark. The lease was agreed upon at an asking rent of $45 per square foot.

Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 deals

Broker

Joseph Ferrara

Landlord

$258.4M

vol

3 deals

Landlord
TM
Theradynamics Rehab ManagementTenant

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93