Matthew Yazdan's Centerstone Properties Leases Mixed-Use Space To Ibrahim Seyn In Queens Village
LEASED
$51
New York
See Similar DealsMixed-use1,400 SF
Leased 09/14/2023
LEASED
Matthew Yazdan's Centerstone Properties Leases Mixed-Use Space To Ibrahim Seyn In Queens Village
219-15 Jamaica Avenue
See Similar DealsMixed-use1,400 SF
Leased 09/14/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$51
Total Square Footage:1,400 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$81,852.10
Total Lease Value
$818,520.98
Net Landlord Cash Flow$81,852.10
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