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Barone Management Leases Mixed-Use Space In Long Island City To City Pickle

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LEASED
$60

New York

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Mixed-use10,110 SF
Leased 11/07/2022
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Property Image
LEASED

Barone Management Leases Mixed-Use Space In Long Island City To City Pickle

9-03 44th Road

See Similar Deals
Mixed-use10,110 SF
Leased 11/07/2022
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$60
Total Square Footage:10,110 SF
Transaction Type:Lease

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.

Players

Ravi Idnani
67 deals$3M volume(212) 916-2938
BROKER

Caleb Petersen
Newmark
7 deals
BROKER

LANDLORD

Details

LEASED
IMAGE: Ravi Idnani & Caleb Petersen DATE: 11/07/2022 ADDRESS: 9-03 44th Road MARKET: Long Island City ASSET TYPE: Mixed-Use LANDLORD: Barone Management TENANT: City Pickle BROKERS: Ravi Idnani & Caleb Petersen - Newmark ASKING RENT: $60/ft. ~ SF: 10,110

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Deal Type
Effective Rent (Annual)

$695,398.92

Total Lease Value

$6,953,989.19

Net Landlord Cash Flow$695,398.92