Moises Ballinas Leases Restaurant In Long Island City For The Weiss Family
LEASED
$60
New York
See Similar DealsRetail5,000 SF
Leased 05/20/2024
LEASED
Moises Ballinas Leases Restaurant In Long Island City For The Weiss Family
41-17 Crescent Street
See Similar DealsRetail5,000 SF
Leased 05/20/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:5,000 SF
Transaction Type:Lease
The retail restaurant located at 41-17 Crescent Street in Long Island City was leased in a transaction involving The Weiss Family as the landlord and Moises Ballinas as the tenant. The property features 5,000 square feet with an asking rent of $60 per square foot and was leased under a Modified Gross Lease agreement.
Summary of transaction details:
- Property Type: Retail - Restaurant
- Transaction Amount: Not Applicable
- Address: 41-17 Crescent Street
- Market: Long Island City
- Landlord: The Weiss Family
- Tenant: Moises Ballinas
- Broker: Julio Reyes - Reyes & Elsamad
- Asking Rent: $60/ft
- Lease Type: Modified Gross Lease
Julio Reyes of Reyes & Elsamad represented the parties involved in the lease transaction, providing brokerage services for the deal between The Weiss Family and Moises Ballinas. The lease signifies a significant agreement between the landlord and tenant in the vibrant area of Long Island City.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$343,916.38
Total Lease Value
$3,439,163.79
Net Landlord Cash Flow$343,916.38
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