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51 Middle Neck Road

Bijan Nassi Leases Retail Space At 51 Middle Neck Road To Fund Flow With Daniel Zacaim As Rep
LEASEDRetail

Bijan Nassi Leases Retail Space At 51 Middle Neck Road To Fund Flow With Daniel Zacaim As Rep

51 Middle Neck Road

$40

$40/SF

Building Size

865 SF

Asset Type

Retail

Closing

Mar 1, 2026

AI

This retail lease transaction involves an asset located at 51 Middle Neck Road in Great Neck. The property has a total square footage of 1,000. The asking rent for this space is set at $50 per square foot. The lease type for this agreement is a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $50/ft
  • Square Footage: 1,000
  • Address: 51 Middle Neck Road
  • Market: Great Neck
  • Landlord: Bijan Nassi
  • Tenant: Fund Flow
  • Landlord's Representative: Colliers
  • Tenant's Representative: Daniel Zacaim - Meridian Capital Group

The deal features landlord Bijan Nassi and tenant Fund Flow, with representation from Colliers for the landlord and Daniel Zacaim from Meridian Capital Group representing the tenant. Each party played a significant role in finalizing this lease agreement.

Players

Daniel Zacaim

Meridian Capital Group

Broker

17 deals

Broker

Great Neck 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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93