Matthew Yazdan's Centerstone Properties Leases Mixed-Use Space To Ibrahim Seyn In Queens Village
219-15 Jamaica Avenue
$51
$51/SF
Building Size
1,400 SF
Asset Type
Mixed-use
Closing
Sep 14, 2023
About this deal
AI
The mixed-use property located at 219-15 Jamaica Avenue in Queens Village has recently been leased. The property is situated in a bustling market and offers a versatile space for various uses. The lease was facilitated by broker Matthew Yazdan from Centerstone Properties, representing the tenant Ibrahim Seyn.
Summary of Transaction Details
- Property Type: Mixed-use
- Asking Rent: $51 per square foot
- Square Footage: 1,400
- Lease Term: 5-Year lease with a 5-Year option
- Lease Type: Single Net Lease
- Address: 219-15 Jamaica Avenue, Queens Village
- Market: Queens Village
Danny Yazdan, the landlord, agreed to lease the property to Ibrahim Seyn. The lease agreement includes a 5-year term with an option for an additional 5 years. This single net lease transaction was successfully negotiated by Matthew Yazdan, a broker from Centerstone Properties.
On the Map
$51
$51/SF
Mixed-use
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Players
Queens Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
311039.22%
Cash-on-Cash
-88895.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93