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Winick Realty Group Leases Retail Spaces In Long Island City For Uswoo Realty

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LEASED
$110

New York

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Retail3,001 SF
Leased 02/22/2024
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Property Image
LEASED

Winick Realty Group Leases Retail Spaces In Long Island City For Uswoo Realty

8 Court Square

See Similar Deals
Retail3,001 SF
Leased 02/22/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$110
Total Square Footage:3,001 SF
Transaction Type:Lease

The retail property located at 8 Court Square in Long Island City was leased out to Uswoo Realty. The space features a 2,506 square foot area with an asking rent of $110 per square foot. The property is part of a retail building in a prime location.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 8 Court Square
  • Market: Long Island City
  • Landlord: Werwaiss Properties, In Partnership With Rose Associates
  • Tenant: Uswoo Realty
  • Brokers: Steven E. Baker & Thomas Galo - Winick Realty Group
  • Lease Type: Modified Gross Lease

Steven E. Baker and Thomas Galo from Winick Realty Group represented both the landlord, Werwaiss Properties in partnership with Rose Associates, and the tenant, Uswoo Realty, in this lease transaction. The property offers a 5,109 square foot lower-level area with a 991 square foot private ground floor entrance on 44th Drive, ideal for a boutique fitness concept. Additionally, there is a 1,245 square foot space on Thomson Avenue overlooking Court Square Park, suited for a café or similar tenant.

Players

Jeff Winick
10 deals$2.2M volume(212) 792-2601
BROKER


Details

LEASED
IMAGE: Steven E. Baker & Thomas Galo DATE: 02/22/2024 ADDRESS: 8 Court Square MARKET: Long Island City ASSET TYPE: Retail LANDLORD: Werwaiss Properties, In Partnership With Rose Associates TENANT: Uswoo Realty BROKERS: Steven E. Baker (@Steveneb3) & Thomas Galo (@TGalo22) - Winick Realty Group (@WinickRealty) ASKING RENT: $110/ft ~ SF: 2,506 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: Winick is presently offering for lease a 5,109 square foot lower-level area in the retail building, featuring a 991 square foot private ground floor entrance on 44th Drive. This space is perfect for a boutique fitness concept. In addition, Winick is also offering a 1,245 square foot space on Thomson Avenue – adjacent to the 8 Court Square residential entrance and overlooking the Court Square Park. This space is perfectly situated for a café or similar tenant.

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Deal Type
Effective Rent (Annual)

$378,434.12

Total Lease Value

$3,784,341.20

Net Landlord Cash Flow$378,434.12