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219-15 Jamaica Avenue

Matthew Yazdan's Centerstone Properties Leases Mixed-Use Space To Ibrahim Seyn In Queens Village
LEASEDMixed-use

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

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.

Players

Matthew Yazdan

Centerstone Properties

Broker

4 deals

Broker

Queens Village 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