The asset involved in the transaction comprises three vacant retail spaces located at 84-04 37th Avenue, 84-12 37th Avenue & 84-10 37th Avenue in the Jackson Heights market. The total square footage of the combined spaces is 3,024 SF, with an asking rent of $99.21 per square foot, resulting in a monthly rent of $25,500. The lease agreement is for a term of 5 years and falls under the category of retail lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,500/month
• Address: 84-04 37th Avenue, 84-12 37th Avenue & 84-10 37th Avenue
• Market: Jackson Heights
• Lease Term: 5 Years
• Asking Rent: $99.21/ft
• SF: 3,024
• Landlord: Eric Chan - Greater World Management
• Tenant: Kiwilime NYC, Oxigeno Barbershop & MH Variety Corp
• Broker: Alejandro Alvarez Rendon - Alpha Properties NYC

Alejandro Alvarez Rendon represented both the landlord and the tenants in this closed transaction, successfully leasing all three commercial spaces within the same building in December.