Breeze Signs 15-Year Lease For 3,569 Square Feet At 590 Fulton Street In Brooklyn
590 Fulton Street
Building Size
3,569 SF
Asset Type
Retail
Closing
Jul 9, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 590 Fulton Street in Brooklyn. The total square footage of the space is 3,569 square feet. It is situated in the Downtown Brooklyn market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Specified
- Address: 590 Fulton Street
- Landlord: David L. Picket - Gotham Organization
- Tenant: Breeze
- Lease Terms: 15-year lease
- Brokers: Brad Schwarz & Zev Sonkin - Lee & Associates
Breeze, a restaurant specializing in Sichuan cuisine and dim sum, plans to establish its second location in Brooklyn at this site, with an opening anticipated for the fall of this year.
On the Map
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93