facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

692 Fulton Ave Hempstead, N...

El Buen Sabor Signs 10-Year Lease At 692 Fulton Avenue In Hempstead
LEASEDRetail

El Buen Sabor Signs 10-Year Lease At 692 Fulton Avenue In Hempstead

692 Fulton Ave Hempstead, NY 11550, USA

$50

$50/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

May 24, 2023

AI

Agus Holdings has completed a lease transaction for a retail property located at 692 Fulton Avenue in Hempstead. The property spans 3,000 square feet and was leased to El Buen Sabor for a term of 10 years. The asking rent for the space was $50 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 692 Fulton Avenue
  • Market: Hempstead
  • Landlord: Agus Holdings
  • Tenant: El Buen Sabor
  • Broker: Adam Agus - Booth Street
  • Asking Rent: $50/ft
  • Lease Term: 10 Years

The lease deal for 692 Fulton Avenue was facilitated by Adam Agus from Booth Street, representing Agus Holdings. This transaction marks a significant move for both the landlord and the tenant, securing retail space in Hempstead.

Players

Adam Agus

Booth Street

Broker

$11.1M

vol

11 deals

Broker
H
HoldingsLandlord

New York 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93