Barone Management Leases Mixed-Use Space In Long Island City To City Pickle
9-03 44th Road
$60
$60/SF
Building Size
10,110 SF
Asset Type
Mixed-use
Closing
Nov 7, 2022
About this deal
AI
Barone Management has leased a mixed-use property located at 9-03 44th Road in Long Island City. The tenant, City Pickle, will occupy the space, covering approximately 10,110 square feet. The leasing deal was facilitated by Ravi Idnani and Caleb Petersen from Newmark, representing the landlord.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: Lease
- Address: 9-03 44th Road, Long Island City
- Market: Long Island City
- Tenant: City Pickle
- Landlord: Barone Management
- Brokers: Ravi Idnani & Caleb Petersen - Newmark
- Asking Rent: $60/ft.
- Square Footage: 10,110
This lease deal marks the collaboration between Barone Management, the property's landlord, and the tenant, City Pickle. The negotiations were facilitated by Ravi Idnani and Caleb Petersen from Newmark, who acted as the brokers representing Barone Management. The leasing agreement secured City Pickle as the occupant of this mixed-use property in Long Island City.
On the Map
$60
$60/SF
Mixed-use
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Players
New York 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93