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
About this deal
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.
On the Map
$75,600
$75,600/SF
Retail
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Players
Queens 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