The retail property located at 45-12 Greenpoint Avenue in Sunnyside, Queens, was recently leased to Kora Bakery. Helen Demetrious of Zelnik & Company represented the Landlord, BLDG Management, on the deal. Desmond Te, of Compass, represented the Tenant.
The property, spanning 2,100 square feet, was leased under a Modified Gross Lease agreement with an asking rent of $58 per square foot.
Since launching in 2020, Kora, started by Eleven Madison Park and Union Square Hospitality alums, Kimberly Camara and co-founder Kevin Borja, are opening a permanent bakery for their Filipino American treats in Sunnyside, Queens. The forthcoming 2,100 square-foot space includes seating and enables more spontaneity. With the new Kora bakery, doughnuts — and more of them — will certainly be at the forefront. Laminated pastries will be added to the menu, with flavors that continue to mix Kora’s signature “Filipino flair” with flavors that represent Queens at large.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Specified
- Address: 45-12 Greenpoint Avenue
- Size: 2,100 sq. ft.
- Market: Sunnyside, Queens, NY
- Landlord: BLDG Management
- Tenant: Kora Bakery
- Brokers: Helen Demetrious, Cory Zelnik– Zelnik & Company. Desmond Te – Compass
- Asking Rent: $68.5/ft
- Lease Type: Modified Gross Lease
Helen Demetrious and Cory Zelnik played pivotal roles as brokers in finalizing the lease agreement for the retail property at 45-12 Greenpoint Avenue. BLDG Management served as the landlord in the transaction, while Kora Bakery emerged as the new tenant for the space in Sunnyside, Queens.