David Nourmand Leases Retail Space At 99-15 Northern Boulevard To Golden 99c Place For $50/ft
99-15 Northern Blvd, Corona, Ny 11368
$50
$50/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Sep 9, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 99-15 Northern Boulevard in the Corona market. The property features a total area of 3,000 square feet and is under a modified gross lease arrangement. The asking rent for this space is set at $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150,000
- Landlord: David Nourmand
- Tenant: Golden 99c Place
- Brokers: Luca DiCiero & Faisal Gilani - NY Space Finders
- Lease Type: Modified Gross Lease
The key individuals involved in this transaction include landlord David Nourmand and tenant Golden 99c Place. The brokers representing the landlord and tenant are Luca DiCiero and Faisal Gilani from NY Space Finders, facilitating the lease agreement.
On the Map
$50
$50/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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93