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South Middle Neck Road

Indian Chinese Fusion Leases Retail Space At 7 South Middle Neck Road In Great Neck For 10 Years
LEASEDRetail

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

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.

Players

Brian Ainehsazan

Aineh Property Group

Broker

8 deals

Broker

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