$6.5M sale-leaseback with Bradford Honigfeld for property in Jamaica

402 Metropolitan Ave, LLC through the entity 402 Metropolitan Ave, LLC paid Bradford Honigfeld’s Bh Jamaica, LLC $6.5 million for 138-33 Jamaica Avenue in Jamaica. The deal closed on January 22, 2021 and was recorded on February 18, 2021. The transaction consists of 1 parcel, including the tax class diners, franchised type stand (K5). The property is 2,400 square feet. The parcel(s) have total development potential of 2,400 square feet.
The average sale price per square foot is $2,708.

This is a sale-leaseback, with Honigfeld signing a 20-year lease with four, 5-year renewal options. The contract date was more than a year ago, on November 25, 2019.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

Direct link to Acris document. link
The signatory for the buyer or lender was Christopher Todd