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3124 Jericho Turnpike

The Picklr Inks 10 Year Lease At 3124 Jericho Turnpike Long Island For $35 Per Foot
LEASEDRetail

The Picklr Inks 10 Year Lease At 3124 Jericho Turnpike Long Island For $35 Per Foot

3124 Jericho Turnpike

$1,673,000

$1,673,000/SF

Building Size

47,800 SF

Asset Type

Retail

Closing

Oct 23, 2025

AI

The retail asset located at 3124 Jericho Turnpike in Long Island has been leased for a total of $35 per square foot. The property encompasses a total area of 47,800 square feet and the agreement involves a modified gross lease lasting for a period of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $35/ft
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Sterling Organization
  • Tenant: The Picklr
  • Tenant's Representative: Mani Nagpal - Global Realty Services

The deal features Sterling Organization as the landlord and The Picklr as the tenant, with Mani Nagpal from Global Realty Services representing the tenant in this transaction.

Players

Mani Nagpal

Global Realty Services

Broker

$8.2M

vol

3 deals

Broker
Global Realty Services
Global Realty Services Brokerage
The Picklr
The PicklrTenant

East Northport 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

9.48%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93