Rolling Hero Leases Retail Space In Queens For $52/ft With NY Space Finders As Brokers
33-20 55th St Queens, NY 11377, USA
$52
$52/SF
Building Size
1,700 SF
Asset Type
Retail
Closing
Aug 11, 2023
About this deal
AI
The retail property located at 33-20 55th Street in Queens has been leased. The property, spanning 1,700 square feet, was leased for a 5-year term with an option to renew for an additional 5 years. The landlord, Spyro Avdoulos, entered into the lease agreement with Rolling Hero, owned by Amro Abdelhalim and Mohamed Shaaban. The deal was facilitated by brokers Luca DiCiero and Devin Navarro of NY Space Finders. The agreed asking rent for the property was $52 per square foot.
Summary of transaction details:
- Property Type: Retail
- Address: 33-20 55th Street, Queens
- Tenant: Rolling Hero - Amro Abdelhalim & Mohamed Shaaban
- Landlord: Spyro Avdoulos
- Brokers: Luca DiCiero & Devin Navarro - NY Space Finders
- Asking Rent: $52/ft
- Lease Term: 5 years plus 5 years option
The lease agreement for the retail property at 33-20 55th Street in Queens involved Rolling Hero, a business owned by Amro Abdelhalim and Mohamed Shaaban. The property was leased from landlord Spyro Avdoulos, with the deal negotiated by brokers Luca DiCiero and Devin Navarro of NY Space Finders. The lease term is set for 5 years, with the option to renew for an additional 5 years. The agreed asking rent for the 1,700 square foot space was $52 per square foot.
Players
Woodside Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Devin Navarro to view all their deals.
Browse Woodside retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93