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