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625 633 Merrick Road

Raymond Hourizadeh Leases Industrial Space To Talent Agency 78 At 625-633 Merrick Road
LEASEDIndustrial

Raymond Hourizadeh Leases Industrial Space To Talent Agency 78 At 625-633 Merrick Road

625 633 Merrick Road

$16

$16/SF

Building Size

18,000 SF

Asset Type

Industrial

Closing

Dec 18, 2025

AI

The property involved in this transaction is an industrial asset located at 625-633 Merrick Road in Valley Stream. The lease transaction was set at an asking rent of $16 per square foot for a total space of 18,000 square feet. The lease type for this transaction is a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $16/ft
  • Lease Type: Modified Gross Lease
  • Address: 625-633 Merrick Road
  • Market: Valley Stream
  • Landlord: Raymond Hourizadeh
  • Tenant: Talent Agency 78
  • Brokers: Luca DiCiero & Faisal Gilani - NY Space Finders

This transaction features brokers Luca DiCiero and Faisal Gilani representing the interests of the landlord and tenant, showcasing their expertise in facilitating this industrial lease agreement. The involvement of these brokers highlights the critical role they play in executing commercial leases in the Valley Stream area.

Players

Faisal Gilani

NY Space Finders

Broker

$27.4M

vol

46 deals

Broker
NY Space Finders
NY Space FindersBrokerage

Valley Stream Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

991437.50%

Cash-on-Cash

-283355.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93