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
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