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Utopia Bagels Signs 15-Year Lease In Long Island City For $100/ft
LEASED
New York
See Similar DealsRetail6,800 SF
Leased 06/12/2024
LEASED
Utopia Bagels Signs 15-Year Lease In Long Island City For $100/ft
26-11 Jackson Avenue
See Similar DealsRetail6,800 SF
Leased 06/12/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:6,800 SF
Transaction Type:Lease
The retail property located at 26-11 Jackson Avenue in Long Island City, Queens, was leased for Utopia Bagels. The lease term is for 15 years with an asking rent of $100 per square foot for a total of 6,800 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Patricia Dunphy - Rockrose Development
- Tenant: Utopia Bagels
- Brokers: Alexander Karas & Jeff Winick - Winick Realty Group
- Address: 26-11 Jackson Avenue
- Market: Long Island City, Queens
The leasing deal was facilitated by Alexander Karas and Jeff Winick from Winick Realty Group. Utopia Bagels, known for its long queues, will be expanding its presence with this new location in Long Island City, Queens.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$779,543.79
Total Lease Value
$7,795,437.93
Net Landlord Cash Flow$779,543.79
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