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3331 Fulton Street

Husan Assa Leases Retail Space At 3331 Fulton Street In East New York
LEASEDRetail

Husan Assa Leases Retail Space At 3331 Fulton Street In East New York

3331 Fulton Street

$65

$65/SF

Building Size

1,150 SF

Asset Type

Retail

Closing

Mar 1, 2024

AI

The retail property located at 3331 Fulton Street in East New York, Brooklyn, was leased in a recent transaction. The property spans 1,150 square feet and was leased for an asking rent of $65 per square foot.

Summary of transaction details:

The lease deal was facilitated with Matthew Yazdan of Centerstone Properties representing the landlord, Alex Weiss, and the tenant, Husan Assa, in this transaction. The collaboration between the parties involved led to the successful completion of the retail lease agreement.

Players

Matthew Yazdan

Centerstone Properties

Broker

4 deals

Broker

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93