Forest Hills Property Group Leases Retail Space On Austin Street To CBD Kratom
LEASED
New York
See Similar DealsRetail1,600 SF
Leased 06/17/2022
LEASED
Forest Hills Property Group Leases Retail Space On Austin Street To CBD Kratom
70-09 Austin Street, Queens, New York 11375, United States
See Similar DealsRetail1,600 SF
Leased 06/17/2022
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:1,600 SF
Transaction Type:Lease
The retail property located at 70-09 Austin Street in Forest Hills has been leased. The property, with a total square footage of 1,600, was leased by CBD Kratom. The landlord, Forest Hills Property Group represented by Joel Mandel, facilitated the lease transaction. The leasing process was handled by George Skaliarinis of KSR brokerage, who represented the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 70-09 Austin Street
- Market: Forest Hills
Joel Mandel, representing Forest Hills Property Group, acted as the landlord for the leased property. CBD Kratom, the tenant, secured the lease. George Skaliarinis of KSR brokerage served as the broker representing CBD Kratom in the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$91,711.03
Total Lease Value
$917,110.34
Net Landlord Cash Flow$91,711.03
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