George Abizeid Leases Retail Space To Juci Patties With Ripco Representing Both Parties
1 25 147th Avenue
$120
$120/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Dec 30, 2025
About this deal
AI
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.
On the Map
$120
$120/SF
Retail
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Players
Flushing Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93