facebook
Traded Co logo
Submit

SkyHighRealtyX Leases 7,500 SF Retail Space In Long Island City

Property Image
LEASED

New York

See Similar Deals
Retail7,500 SF
Leased 04/14/2021
the dealplayerscompscontact
Property Image
LEASED

SkyHighRealtyX Leases 7,500 SF Retail Space In Long Island City

5-14 51st Avenue, Long Island City, NY, USA

See Similar Deals
Retail7,500 SF
Leased 04/14/2021
Contact now

Summary

NEW YORK
Asset Type:Retail
Total Square Footage:7,500 SF
Transaction Type:Lease

The original Alewife Brew Pub located at 5-14 51 Ave. in Long Island City has been leased to new tenants. The property, which is a 3-level, 7,500 square foot restaurant and bar, is currently undergoing renovations by El Grupo SN to create a new concept for the space. El Grupo SN, along with F&B operators Nathan Leong and Michael Wang, aims to bring a fresh dining experience to the heart of LIC. There are also rumors of a possible future brewery on the premises. Stay tuned for updates!

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 04/14/2021
  • Market: Long Island City
  • Tenant: SkyHighRealtyX
  • Brokers: Michael Wang & Victor Chung - Project Queens
  • Asking Rent: $26.50/ft.

Note from broker: The Alewife Brew Pub was forced to close its doors in 2020 due to the pandemic, but a new establishment is set to take its place. El Grupo SN, known for their innovative concepts, will be in charge of transforming the space into a vibrant restaurant and bar. With the potential addition of a brewery, this new venture is sure to be an exciting addition to the LIC dining scene. Keep an eye out for updates from El Grupo SN and Nathan Leong as they work their magic!

Players

Michael Wang
14 deals
BROKER

Victor Chung
2 deals$1.6M volume
BROKER

Details

LEASED
IMAGE: Michael Wang DATE: 04/14/2021 ADDRESS: 5-14 51 Ave. MARKET: Long Island City ASSET TYPE: Retail TENANT: @SkyHighRealtyX BROKERS: Michael Wang (@MichaelWangNYC) & Victor Chung (@YourNYCAgent) - Project Queens ASKING RENT: $26.50/ft. ~ SF: 7,500 NOTE FROM BROKER: This is the original Alewife Brew Pub that was shut down in 2020 due to the pandemic and the opening of their new location in Sunnyside. El Grupo SN is working on a new concept for this 3 level, 7,500 SF restaurant and bar spot in the heart of LIC. Possible future brewery too?? 🍻 Stay tuned! El Grupo SN @ElGrupoSN @NathanLeongNYC will be the F&B operators. 👀

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$429,895.47

Total Lease Value

$4,298,954.74

Net Landlord Cash Flow$429,895.47