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
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