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1029 Fulton Street

Daniel Kimya Leases Retail Space To IMX Pilates At 1029 Fulton Street In Brooklyn
LEASEDRetail

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

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:

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.

Players

Eddie Keda

Momentum Realty Group

Broker

25 deals

Broker

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