Icer Properties Leases Retail Space To City Mall At 162-24 Jamaica Avenue
LEASED
$125
+ 1
New York
See Similar DealsRetail5,000 SF
Leased 11/11/2025
LEASED
Icer Properties Leases Retail Space To City Mall At 162-24 Jamaica Avenue
162 24 Jamaica Avenue
See Similar DealsRetail5,000 SF
Leased 11/11/2025
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$125
Total Square Footage:5,000 SF
Transaction Type:Lease
The property involved in this transaction is a retail lease located at 162-24 Jamaica Avenue in Jamaica. The asset type is defined as retail, with an asking rent of $125 per square foot for a total area of 5,000 square feet.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $125/ft
- Address: 162-24 Jamaica Avenue
- Market: Jamaica
- Landlord: Icer Properties
- Tenant: City Mall
- Brokers: Ezra Falack, Solomon Sharaby, Stephan Fisher & David Sabbagh - KSR
- Lease Type: Retail Lease
The transaction involves Icer Properties as the landlord and City Mall as the tenant, facilitated by brokers Ezra Falack, Solomon Sharaby, Stephan Fisher, and David Sabbagh from KSR. This deal represents a move towards retail space leasing in the Jamaica market.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$716,492.46
Total Lease Value
$7,164,924.57
Net Landlord Cash Flow$716,492.46
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