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500 Fulton Street

Teppanyaki One Signs 10-Year Lease At 500 Fulton Street Brooklyn Represented By Peter Yoon
LEASEDRetail

Teppanyaki One Signs 10-Year Lease At 500 Fulton Street Brooklyn Represented By Peter Yoon

500 Fulton Street

$187

$187/SF

Building Size

1,600 SF

Asset Type

Retail

Closing

Apr 20, 2025

AI

The retail asset located at 500 Fulton Street in Brooklyn has been leased by Teppanyaki One. The property offers a lease term of 10 years under a modified gross lease with an asking rent of $187 per square foot for a total area of 1,600 square feet.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $299,200
  • Address: 500 Fulton Street
  • Market: Brooklyn
  • Landlord: J.W Mays INC
  • Tenant: Teppanyaki One
  • Landlord's Representative: Eddie Keda & Leo Beda - Tri State Commercial Realty
  • Tenant's Representative: Peter Yoon - Ripco
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Asking Rent: $187/ft
  • Square Footage: 1,600

This transaction involved key representatives from both the landlord and tenant sides, with Eddie Keda and Leo Beda representing J.W Mays INC through Tri State Commercial Realty, while Peter Yoon represented Teppanyaki One via Ripco. Their roles were crucial in finalizing the leasing agreement for this commercial property.

Players

Eddie Keda

Momentum Realty Group

Broker

25 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

84828.88%

Cash-on-Cash

-24244.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93