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Katy Chen's LaundryBee Signs 20-Year Lease At 218-25 Hempstead Avenue In Queens Village
LEASED
New York
See Similar DealsRetail
Leased 05/19/2025
LEASED
Katy Chen's LaundryBee Signs 20-Year Lease At 218-25 Hempstead Avenue In Queens Village
218 25 Hempstead Avenue
See Similar DealsRetail
Leased 05/19/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Lease
The asset involved in this transaction is a retail property located at 218-25 Hempstead Avenue in Queens Village. The space encompasses 5,000 square feet and is situated within the market that previously housed a Rite Aid location, which has recently been vacated due to the chain’s bankruptcy.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 218-25 Hempstead Avenue
- Market: Queens Village
- Tenant: Katy Chen - LaundryBee
- Broker: Joshua Kleinberg & Daniel Mundle - Colliers
- Lease Term: 20 years
Katy Chen represents LaundryBee, which has signed the leasing agreement for the property. The deal was brokered by Joshua Kleinberg and Daniel Mundle from Colliers, who facilitated the transaction amid the current market dynamics.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$573,193.97
Total Lease Value
$5,731,939.66
Net Landlord Cash Flow$573,193.97
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