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:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Landlord: Alex Weiss
- Tenant: Husan Assa
- Broker: Matthew Yazdan - Centerstone Properties
- Lease Type: Retail Lease
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
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