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
New York 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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93