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
About this deal
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.
On the Map
$40
$40/SF
Retail
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Players
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