Indian Chinese Fusion Leases Retail Space At 7 South Middle Neck Road In Great Neck For 10 Years
South Middle Neck Road
$48
$48/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Nov 17, 2025
About this deal
AI
This retail property located at 7 South Middle Neck Road in the Great Neck market was leased at an asking rent of $48 per square foot for a total of 1,500 square feet. The lease agreement spans a term of 10 years under a NNN lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48/ft
- Square Footage: 1,500
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Landlord: Fred Kai
- Tenant: Indian Chinese Fusion
- Landlord's Representative: Elliot Setareh & Itai Khalili - Aineh Property Group
- Landlord & Tenant's Representative: Brian Ainehsazan – Aineh Property Group
This transaction was facilitated by brokers from Aineh Property Group, indicating the involvement of a coordinated effort between the landlord and tenant representatives structured to ensure a successful leasing process within a short timeframe.
On the Map
$48
$48/SF
Retail
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Players
Great Neck 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
330479.17%
Cash-on-Cash
-94451.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93