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Bright Daycare Center Leases Retail Space In Hunter's Point, LIC With @ASSETCRG's Michelle Abramov And Joe Mast

47-09 5th Street
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This Retail property located in NY was leased over 5 years ago. The asking rent per square foot was $70. The brokers of the deal were Joe Mast and Michelle Abramov

The retail property at 47-09 5th Street in Hunter's Point, LIC, Queens, has been leased to Bright Daycare Center. The lease term is for 10 years, and the space covers 3,770 square feet of usable area within a total of 4,200 square feet. The price per square foot is $70, resulting in a transaction value of approximately $294,000.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $294,000
  • Date: 10/10/18
  • Address: 47-09 5th Street, LIC, NY
  • Tenant: Bright Daycare Center
  • Landlord: Steve Tall
  • Landlord & Tenant Broker: Joe Mast and Michelle Abramov from AssetCRG
  • Term: 10 years
  • SF: 4,200
  • PPSF: $70
  • Usable SF: 3,770

Joe Mast and Michelle Abramov from AssetCRG represented both the landlord and the tenant in this lease deal. It is worth noting that the tenant is actively searching for additional spaces in LIC, Forest Hills, and Williamsburg, and is being represented by AssetCRG. Eastern had the initial exclusive, but when they closed down, AssetCRG took over the leasing at the property.

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Deals
  • Location
    47-09 5th Street47-09 5th Street
  • Leased Value
    $70$70
  • Asking Rent
    $70 PSF$70 PSF
  • Area
    4,200 SF4,200 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Joe Mast

Joe Mast

Deals2
Leased2

Michelle Abramov

Michelle Abramov

Deals25
Sold$57.4M

Agencies

Asset CRG Advisors

Asset CRG Advisors

Agency
Deals63
Volume$422.8M

Ripco

Ripco

Agency
Deals629
Volume$4.2B

Social

Deal Summary

IMAGE: Michelle Abramov and Joe Mast DATE: 10/10/18 ADDRESS: 47-09 5th Street, LIC, NY CITY: Hunter’s Point, LIC, Queens ASSET TYPE: Retail TENANT: Bright Daycare Center LANDLORD: Steve Tall LANDLORD & TENANT BROKER: Joe Mast and Michelle Abramov @AssetCRG TERM: 10 years SF: 4,200 ~ PPSF: $70 usable of 3,770 SF NOTES: The tenant is actively looking for additional spaces in LIC, Forest Hills, Williamsburg and is being represented by @ASSETCRG. Eastern had the exclusive to begin with, when they closed down @AssetCRG took over leasing at the property.

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47-09 5th Street

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