facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

540 Fulton Mall

Guitar Center Signs 15-Year Lease At 540 Fulton Mall, Downtown Brooklyn
LEASEDRetail

Guitar Center Signs 15-Year Lease At 540 Fulton Mall, Downtown Brooklyn

540 Fulton Mall

$200

$200/SF

Building Size

19,289 SF

Asset Type

Retail

Closing

Mar 27, 2024

AI

The retail property located at 540 Fulton Mall in Downtown Brooklyn has been leased by Guitar Center, signing a 15-year lease for 19,289 square feet at an asking rent of $200 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 540 Fulton Mall
  • Market: Downtown Brooklyn
  • Asset Type: Retail

The landlord of the property, Jenel Real Estate, was represented by Abraham Dayan, Benjamin Weiner, and Hymie Dweck from Ripco. On the other hand, Guitar Center was represented by Bruce Shepard from TSCG in this significant 15-year lease deal.

Players

Benjamin Weiner

Ripco

Broker

10 deals

Broker

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93