Daniel Kimya Leases Retail Space To IMX Pilates At 1029 Fulton Street In Brooklyn
1029 Fulton Street
$63
$63/SF
Building Size
2,825 SF
Asset Type
Retail
Closing
Sep 24, 2024
About this deal
AI
The asset involved in this lease transaction is a retail space located at 1029 Fulton Street, Brooklyn. The property has a leasing area of 2,825 square feet, with an asking rent of $63 per square foot.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $63/ft
- Address: 1029 Fulton Street
- Market: Brooklyn
- Landlord: Daniel Kimya
- Tenant: IMX Pilates
- Brokers: Morris Mishan & Eddie Keda - Tri State Commercial Realty
In this transaction, Daniel Kimya serves as the landlord, while IMX Pilates is the tenant occupying the retail space. The leasing deal was brokered by Morris Mishan and Eddie Keda, both associated with Tri State Commercial Realty, who facilitated the agreement between the involved parties.
On the Map
$63
$63/SF
Retail
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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
251793.65%
Cash-on-Cash
-71963.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93