Fulton Market Signs Ground Lease For Retail Space At 52 Fulton Street In Financial District, Manhattan
52 Fulton Street
$145
$145/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Oct 6, 2023
About this deal
AI
The property involved in this lease transaction is located at 52 Fulton Street in the Financial District of Manhattan. It is a retail asset with a square footage of 2,500. The lease type is a ground lease, and the asking rent for this space is $145 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 52 Fulton Street
- Market: Financial District, Manhattan
- Asking Rent: $145/ft
- Square Footage: 2,500
- Lease Type: Ground Lease
The landlord of this property is Xan Goldberg, while the tenant is Fulton Market. Representing the landlord in this deal are Ravi Idnani and Andrew Stern from Newmark. On the tenant's side, David Sabbagh and David Green from KSR act as their representatives.
Players
Market 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
109400.00%
Cash-on-Cash
-31266.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93