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590 Fulton Street

Breeze Signs 15-Year Lease For 3,569 Square Feet At 590 Fulton Street In Brooklyn
LEASEDRetail

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

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:

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.

Players

Brad Schwarz

Lee & Associates

Broker

$18.2M

vol

8 deals

Broker
B
BreezeBuyer

David L. Picket

Gotham Organization

Landlord

$1.6B

vol

5 deals

Landlord

New 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93