Tsering Dolkar Gurung Leases Mixed-Use Space At 231 Jericho Turnpike With Landlord Liang Liang Hao

The property asset involved in this transaction is a mixed-use space located at 231 Jericho Turnpike in New Hyde Park. The lease is for a modified gross lease type with an asking rent of $40 per square foot covering a total area of 3,100 square feet.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $40/ft
• Address: 231 Jericho Turnpike
• Market: New Hyde Park
• Landlord: Liang Liang Hao
• Tenant: Tsering Dolkar Gurung
• Landlord's Representative: Barbie Li - B Square Realty
• Tenant's Representative: Moataz (Mo) Elshamy - Integrity Core Realty
• Lease Type: Modified Gross Lease
• Square Footage: 3,100

Barbie Li represented the landlord in this transaction while Moataz (Mo) Elshamy represented the tenant. The lease marks a strategic expansion for the tenant, who is a well-established Nepali-Indian fusion restaurant group. The decision to lease in New Hyde Park was influenced by strong demographics and community demand for global cuisine, emphasizing the strategic partnership between the landlord and tenant to enhance neighborhood value.