Albert Dayan Leases Retail Space To Board Games Cafe On Fulton Street For $116/ft
709 Fulton Street
$116
$116/SF
Building Size
1,540 SF
Asset Type
Retail
Closing
Aug 18, 2026
About this deal
AI
The property involved in this lease transaction is located at 709 Fulton Street in the Fort Greene market. The asset type is retail, with a total square footage of 1,540. The asking rent for this property is set at $116 per square foot. This lease encompasses a term of 11 years and is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $116/ft
- Lease Term: 11 years
- Lease Type: Modified Gross Lease
- Landlord: Albert Dayan
- Tenant: Board Games Cafe
- Landlord's Representative: Ben Biberaj - IPRG Retail Leasing
- Landlord's Representative: Joseph Sobolov - Investment Property Realty Group
In this transaction, Albert Dayan serves as the landlord, while Board Games Cafe is the tenant. The deal is represented by Ben Biberaj and Joseph Sobolov, who are associated with IPRG Retail Leasing and Investment Property Realty Group, respectively, acting on behalf of the landlord.
Players
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
136750.00%
Cash-on-Cash
-39083.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93