Freddy Khalilov Leases Retail Space To Israeli Bakery & CO In Fresh Meadows For $101/ft

The property involved in this transaction is a retail asset located at 179-01 Union Turnpike in Fresh Meadows. The asking rent for the space is priced at $101 per square foot, encompassing a total of 1,300 square feet. The lease term agreed upon is for 5 years, and it is categorized as a modified gross lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $101/ft
• Address: 179-01 Union Turnpike
• Market: Fresh Meadows
• Landlord: Freddy Khalilov
• Tenant: Israeli Bakery & CO
• Landlord's Representative: Itai Khalili & Brian Ainehsazan - Aineh Property Group
• Lease Term: 5 Years
• Lease Type: Modified Gross Lease
• Square Footage: 1,300

The deal involved key representatives from Aineh Property Group, Itai Khalili and Brian Ainehsazan, who facilitated this transaction. This deal is significant as it marks a continuation of trust from the landlord, who previously engaged the representatives to lease two other vacant stores before acquiring this corner property. The quick turnaround to close the deal within two weeks highlights the efficiency of the brokerage team in achieving results.