Nandi Seth Of Bans NY Leases Retail Space To Jose Auto Body And Repair Shop In Long Island City
46-13 27th Street
$30
$30/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Aug 21, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 46-13 27th Street in Long Island City. The asset is categorized as retail and encompasses an area of 10,000 square feet. The asking rent for this space was set at $30 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30/ft
- Square Footage: 10,000
- Address: 46-13 27th Street
- Market: Long Island City
- Landlord: Nandi Seth - Bans NY
- Tenant: Jose Auto Body and Repair Shop
- Brokers: Noam Aziz, Max Freudenberger - Meridian Capital Group & Yianni Thermos - Meridian Retail Leasing
- Lease Type: Retail Lease
This transaction involved key individuals and representatives from Meridian Capital Group and Meridian Retail Leasing. Noam Aziz, Max Freudenberger, and Yianni Thermos played significant roles as brokers in facilitating this lease agreement.
Players
Long Island City 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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93