George Abizeid Leases Retail Space To Juci Patties With Ripco Representing Both Parties
LEASED
$120
New York
See Similar DealsRetail1,500 SF
Leased 12/31/2025
LEASED
George Abizeid Leases Retail Space To Juci Patties With Ripco Representing Both Parties
1 25 147th Avenue
See Similar DealsRetail1,500 SF
Leased 12/31/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:1,500 SF
Transaction Type:Lease
The lease involves a retail asset located at 1-25 147th Avenue in Jamaica. The asking rent is $120 per square foot for a space measuring 1,500 square feet. The lease term is set for 10 years under a single net lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $180,000
- Address: 1-25 147th Avenue
- Market: Jamaica
- Landlord: George Abizeid
- Tenant: Juci Patties
- Landlord's Rep: Richard Senior - Ripco
- Tenant's Rep: Miles Mahony - Ripco
- Lease Term: 10 years
- Lease Type: Single Net Lease
- Square Footage: 1,500
- Asking Rent: $120/ft
The tenant has secured the only drive-thru at JFK airport, situated on the former Building 110 site. The new building is under construction and is anticipated to be delivered in Summer 2026. It is noted that the property is now 100% leased.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$206,349.83
Total Lease Value
$2,063,498.28
Net Landlord Cash Flow$206,349.83
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