Jerry Pi Leases Retail Space To Corner 86 Inc. At 86-55 Broadway For 10 Years
LEASED
$130
New York
See Similar DealsRetail1,265 SF
Leased 10/22/2025
LEASED
Jerry Pi Leases Retail Space To Corner 86 Inc. At 86-55 Broadway For 10 Years
86 55 Broadway
See Similar DealsRetail1,265 SF
Leased 10/22/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$130
Total Square Footage:1,265 SF
Transaction Type:Lease
The property involved in this lease transaction is a retail asset located at 86-55 Broadway in Elmhurst. The space encompasses a total of 1,265 square feet and is available for an asking rent of $130 per square foot. The lease agreement has a duration of 10 years and operates under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Address: 86-55 Broadway
- Market: Elmhurst
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Jerry Pi
- Tenant: Corner 86 Inc.
Key individuals involved in the transaction include Jerry Pi, representing the landlord, and Corner 86 Inc., the tenant securing the retail space. The lease reflects a strategic agreement aimed at establishing a presence in the Elmhurst market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$188,523.50
Total Lease Value
$1,885,234.95
Net Landlord Cash Flow$188,523.50
Is there something missing? Send suggestions