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Pizza Hut & Jimmy John's Lease Retail Space In Flushing, Queens At 84-11 37th Avenue

Property Image
LEASED
$90

New York

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Retail2,500 SF
Leased 12/15/2022
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Property Image
LEASED

Pizza Hut & Jimmy John's Lease Retail Space In Flushing, Queens At 84-11 37th Avenue

84-11 37th Avenue

See Similar Deals
Retail2,500 SF
Leased 12/15/2022
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$90
Total Square Footage:2,500 SF
Transaction Type:Lease

The retail property located at 84-11 37th Avenue in Flushing, Queens has been leased. The tenant, Pizza Hut & Jimmy John's, will occupy the space, which spans approximately 2,500 square feet. The lease was facilitated by broker Bruce Herman of Booth Street. The property was listed with an asking rent of $90 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 12/15/2022
  • Address: 84-11 37th Avenue, Flushing, Queens
  • Tenant: Pizza Hut & Jimmy John's
  • Landlord: Charlie Patel
  • Broker: Bruce Herman - Booth Street
  • Asking Rent: $90 per square foot
  • Square Footage: 2,500

The lease transaction was facilitated by broker Bruce Herman from Booth Street. Charlie Patel is the landlord of the property. Pizza Hut and Jimmy John's will now occupy the retail space located at 84-11 37th Avenue in Flushing, Queens. The lease was agreed upon for the size of approximately 2,500 square feet with an asking rent of $90 per square foot.

Players

Bruce Herman
22 deals$41.1M volume
BROKER

Pizza Hut
TENANT

Details

LEASED
IMAGE: Bruce Herman DATE: 12/15/2022 ADDRESS: 84-11 37th Avenue MARKET: Flushing, Queens ASSET TYPE: Retail LANDLORD: Charlie Patel TENANT: Pizza Hut (@PizzaHut) & Jimmy John's BROKER: Bruce Herman - Booth Street (@Booth_Street) ASKING RENT: $90/ft ~ SF: 2,500

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Deal Type
Effective Rent (Annual)

$257,937.28

Total Lease Value

$2,579,372.85

Net Landlord Cash Flow$257,937.28