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Rolling Hero Leases Retail Space In Queens For $52/ft With NY Space Finders As Brokers

Property Image
LEASED
$52
Luca DiCiero

New York

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Retail1,700 SF
Leased 08/11/2023
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Property Image
LEASED

Rolling Hero Leases Retail Space In Queens For $52/ft With NY Space Finders As Brokers

33-20 55th St Queens, NY 11377, USA

See Similar Deals
Retail1,700 SF
Leased 08/11/2023
Luca DiCiero
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$52
Total Square Footage:1,700 SF
Transaction Type:Lease

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

Luca DiCiero
151 deals$124.3M volume(347) 242-0353
BROKER

Devin Navarro
NY Space Finders
30 deals$26.8M volume(347) 490-3901
BROKER

Details

LEASED
IMAGE: Luca DiCiero & Devin Navarro DATE: 08/11/2023 ADDRESS: 33-20 55th Street MARKET: Queens ASSET TYPE: Retail LANDLORD: Spyro Avdoulos TENANT: Rolling Hero - Amro Abdelhalim & Mohamed Shaaban BROKERS: Luca DiCiero & Devin Navarro (@PrideandProperty_) - NY Space Finders (@NYSpaceFinders) ASKING RENT: $52/ft ~ SF: 1,700 LEASE TERM: 5 YEARS PLUS 5 YEARS OPTION

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Deal Type
Effective Rent (Annual)

$101,340.69

Total Lease Value

$1,013,406.93

Net Landlord Cash Flow$101,340.69