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
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