Edward Ostad & Michael Ostad Lease Mixed-use Space To Las Delicias Deli Grocery In Jackson Heights

The asset involved in this closed transaction is a mixed-use property located at 92-09 37th Avenue in the Jackson Heights market. The property comprises a total of 51 units, which include 6 commercial units and 45 residential units. The asking rent for the retail space is set at $144 per square foot, with a total square footage of 1,000. The lease term negotiated is for a duration of 10 years, under a retail lease type.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $144/ft
• Square Footage: 1,000
• Lease Term: 10 Years
• Address: 92-09 37th Avenue
• Market: Jackson Heights
• Units: 51 (6 Commercial & 45 Residential)
• Landlord: Edward Ostad & Michael Ostad
• Tenant: Las Delicias Deli Grocery

Key individuals involved in this transaction include landlords Edward Ostad and Michael Ostad, who represent the property in the lease agreement. The tenant for this retail space is Las Delicias Deli Grocery, which will operate within the mixed-use property.