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31-75 East 23rd Street

Reality House Leases 7,000 SF Office Space At 31-75 23rd Street In Astoria
LEASEDOffice

Reality House Leases 7,000 SF Office Space At 31-75 23rd Street In Astoria

31-75 East 23rd Street

$45

$45/SF

Building Size

7,000 SF

Asset Type

Office

Closing

Mar 30, 2023

AI

The office space located at 31-75 23rd Street in Astoria has been leased in a recent transaction. The property, spanning 7,000 square feet, was leased by Reality House. The lease deal was facilitated by the landlord's representatives George Skaliarinis and Mark Gallucci from KSR, while Melissa Grasso represented Reality House.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Asking Rent: $45 per square foot
  • Square Footage: 7,000
  • Address: 31-75 23rd Street, Astoria
  • Market: Astoria

Edward Cohen, Ralph Chera, and Jeffrey Chera, representing Verv Capital and Chera Realty Group, served as the landlords for this lease deal. They negotiated the terms with Reality House. The lease transaction was overseen by George Skaliarinis and Mark Gallucci from KSR, who acted as the landlord's representatives in the deal. Melissa Grasso represented Reality House in the negotiations.

Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

53 deals

Broker
RH
Reality HouseTenant

Market Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93