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82-66 Austin Street

Jeff Stern Leases Retail Space To Sadia Mansoor At 82-66 Austin Street For 10 Years
LEASEDRetail

Jeff Stern Leases Retail Space To Sadia Mansoor At 82-66 Austin Street For 10 Years

82-66 Austin Street

$75,600

$75,600/SF

Building Size

1,260 SF

Asset Type

Retail

Closing

Jan 17, 2026

AI

The property involved in this transaction is a retail asset located at 82-66 Austin Street in Kew Gardens. The asking rent for the space is $60 per square foot, with a total area of 1,260 square feet. The lease term is set for 10 years under a single net lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $60/ft
  • Lease Term: 10 years
  • Lease Type: Single Net Lease
  • Address: 82-66 Austin Street
  • Market: Kew Gardens
  • Landlord: Jeff Stern
  • Tenant: Sadia Mansoor
  • Broker: Frank Ko

In this transaction, Frank Ko represents the landlord, Jeff Stern, while the tenant is Sadia Mansoor. The deal illustrates the collaboration between the broker and the landlord in securing a long-term lease agreement for the retail space.

Players

Frank Ko

Broker

$19.6M

vol

14 deals

Broker

Kew Gardens 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

209.83%

Cash-on-Cash

-59.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93