New York

Upscale eateries wanted for Bed-Stuy retail strip

Bawabeh Realty Holdings would first replace T-shirt vendor, sneaker store, salon

<a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/1349-Fulton-Street-Brooklyn-NY-11216/3018500047-0" target="_blank" data-address="1349%20Fulton%20Street%2C%20Brooklyn" data-label="1347-1349%20Fulton%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F1349-Fulton-Street-Brooklyn-NY-11216%2F3018500047-0" data-bbl="3018500047" data-blockValue="01850" data-lotValue="0047" data-zipcode="11216" data-bldgArea="3%2C000" data-bldgDepth="50" data-bldgFront="20" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="1%2C600" data-lotFront="20" data-lotDepth="80" data-retailArea="1%2C000" data-resArea="2%2C000" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="S2" data-primaryZoning="R7D" data-commercialOverlay="C2-4" data-far="4.2" data-buildable="6%2C720" data-airRights="3%2C712" data-propertyNeighborhood="Bedford-Stuyvesant" data-latitude="40.6804844701891" data-longitude="-73.9472589506385" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F1349-Fulton-Street-Brooklyn-NY-11216%5C%2F3018500047-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F1349-Fulton-Street-Brooklyn-NY-11216%5C%2F3018500047-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">1347-1349 Fulton Street</a> in Bed-Stuy

1347-1349 Fulton Street in Bed-Stuy

Brooklyn-based developer Bawabeh Realty Holdings plans to convert the retail component of Six Properties Along Fulton Street in Bedford-Stuyvesant into a strip of upscale restaurants and boutique shops.

Bawabeh would first replace the current tenants – a T-shirt vendor, sneaker store, beauty shop and nail salon – that occupy the 1,000-square-foot, ground-floor spaces at 1347-1353 and 1359-1361 Fulton Street between Marcy Avenue and Verona Place. One of the retailers, New York French Cleaners, hoped to sign a long-term lease next year.

Broker Robert Earl of the Inhouse Group is handling marketing for the landlord, according to the New York Daily News. Asking rents are expected to be $50 to $55 per square foot for the new retail tenants.

Earl told the Daily News that the residential tenants are not being asked to vacate.

In February, Bawabeh sold a 428,550-square-foot vacant parcel near the Gateway Center in East New York for $40 million after scrapping plans to build a big-box retail complex, as The Real Deal reported. [NYDN]Mark Maurer

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New York

Upscale eateries wanted for Bed-Stuy retail strip

Bawabeh Realty Holdings would first replace T-shirt vendor, sneaker store, salon

<a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/1349-Fulton-Street-Brooklyn-NY-11216/3018500047-0" target="_blank" data-address="1349%20Fulton%20Street%2C%20Brooklyn" data-label="1347-1349%20Fulton%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F1349-Fulton-Street-Brooklyn-NY-11216%2F3018500047-0" data-bbl="3018500047" data-blockValue="01850" data-lotValue="0047" data-zipcode="11216" data-bldgArea="3%2C000" data-bldgDepth="50" data-bldgFront="20" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="1%2C600" data-lotFront="20" data-lotDepth="80" data-retailArea="1%2C000" data-resArea="2%2C000" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="S2" data-primaryZoning="R7D" data-commercialOverlay="C2-4" data-far="4.2" data-buildable="6%2C720" data-airRights="3%2C712" data-propertyNeighborhood="Bedford-Stuyvesant" data-latitude="40.6804844701891" data-longitude="-73.9472589506385" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F1349-Fulton-Street-Brooklyn-NY-11216%5C%2F3018500047-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F1349-Fulton-Street-Brooklyn-NY-11216%5C%2F3018500047-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">1347-1349 Fulton Street</a> in Bed-Stuy

1347-1349 Fulton Street in Bed-Stuy

Brooklyn-based developer Bawabeh Realty Holdings plans to convert the retail component of Six Properties Along Fulton Street in Bedford-Stuyvesant into a strip of upscale restaurants and boutique shops.

Bawabeh would first replace the current tenants – a T-shirt vendor, sneaker store, beauty shop and nail salon – that occupy the 1,000-square-foot, ground-floor spaces at 1347-1353 and 1359-1361 Fulton Street between Marcy Avenue and Verona Place. One of the retailers, New York French Cleaners, hoped to sign a long-term lease next year.

Broker Robert Earl of the Inhouse Group is handling marketing for the landlord, according to the New York Daily News. Asking rents are expected to be $50 to $55 per square foot for the new retail tenants.

Earl told the Daily News that the residential tenants are not being asked to vacate.

In February, Bawabeh sold a 428,550-square-foot vacant parcel near the Gateway Center in East New York for $40 million after scrapping plans to build a big-box retail complex, as The Real Deal reported. [NYDN]Mark Maurer

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