The Schuckman Realty Investment Sales Team has been exclusively retained to represent ownership on the sale of the single-tenant Planet Fitness at 1245 Fulton St, Bed-Stuy, Brooklyn, NY.
Built in 2016 and operated by the largest franchisee in the country, this Planet Fitness spans 16,073 SF across two floors with high ceilings and elevator and public staircase access into the selling lower level. The lease is guaranteed by PFNY, LLC, who operates over 80 units with plans for over 100, and the property includes +18,876 SF in additional air rights for future development. Neighboring tenants include Foot Locker, MD Urgent Care, Taco Bell, Shake Shack, Chipotle, McDonald’s, Atomic Wings, Chase, and many more.
Deal points are included below. Please reach out to Matthew Colantonio or Baruch Edelkopf for details:
Signature: PFNY, LLC (Largest Planet Fitness franchisee in the country, +80 units)
Asking Price: $13,500,000
Asking Cap: 5.5%
Address: 1245 Fulton St, Bed-Stuy, Brooklyn, NY
Lease Type: Single-Tenant Modified Gross (TT responsible roof and for tax increases over base year)
Rentable Building SF: 16,073
Available Air Right SFs: +18,876
Year Built: 2016
About Schuckman Realty Inc.: Schuckman Realty is a full service commercial real estate services firm serving New York City, Long Island, New Jersey, and the surrounding tri-state area. Schuckman has developed a reputation as a leading retail broker and developer in the New York Metro area, with special expertise in developments, redevelopments, and renovations in all Five Boroughs of New York City and Long Island. As a strategic planner of retail stores, shopping centers and boutique projects, Schuckman has been responsible for tens of millions of square feet of leasing and development and has been hired by numerous national retail chains to facilitate macro–market penetration. We attribute our success to our intimate team’s proficiency in market analysis and site planning, in addition to tireless dedication and extensive experience from both sides of the table.
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