Hamza Khamisa Signs Ground Lease In Garden City Park, Long Island
2135 Jericho Turnpike
$30
$30/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Oct 24, 2023
About this deal
AI
Located in Garden City Park, Long Island, the retail property at 2135 Jericho Turnpike has recently been leased. The lease transaction was facilitated by the broker representatives Luca DiCiero, Giuseppe Gregorio, and Claudia Pereira from NY Space Finders. The asset, spanning approximately 1,200 square feet, is a ground lease with an asking rent of $30 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2135 Jericho Turnpike, Garden City Park, Long Island
- Market: Long Island
- Landlord: Augusto Pereira
- Tenant: Hamza Khamisa
- Brokers: Luca DiCiero, Giuseppe Gregorio & Claudia Pereira from NY Space Finders
- Asking Rent: $30 per square foot
- Lease Type: Ground Lease
- Lease Term: 5 years with an option to renew
The deal involved Augusto Pereira as the landlord and Hamza Khamisa as the tenant. Luca DiCiero, Giuseppe Gregorio, and Claudia Pereira from NY Space Finders represented both parties in the lease transaction. This lease is for a term of 5 years, with an option to renew. The property, located at 2135 Jericho Turnpike, is part of the retail market in Garden City Park, Long Island.
Players
New Hyde Park 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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93