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31-15 Steinway St, Long Isl...

CafeDeColombia Bakery Leases Mixed-Use Space In Astoria, Queens
LEASEDMixed-use

CafeDeColombia Bakery Leases Mixed-Use Space In Astoria, Queens

31-15 Steinway St, Long Island City, NY 11103, USA

Building Size

1,350 SF

Asset Type

Mixed-use

Closing

Jul 30, 2020

AI

Located at 31-15 Steinway Street in Astoria, Queens, this mixed-use property has recently been leased. The property, measuring 1,350 square feet, was leased by Cafe De Colombia Bakery. The landlord, Steve Agajan, agreed to an asking rent of $65 per square foot.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: Not available
  • Address: 31-15 Steinway Street
  • Market: Astoria, Queens
  • Tenant: Cafe De Colombia Bakery
  • Asking Rent: $65 per square foot
  • Landlord: Steve Agajan

Cafe De Colombia Bakery, represented by Ryan Adhami of Ryan Adhami Realty, found a suitable location for their business at 31-15 Steinway Street in Astoria, Queens. This lease agreement, facilitated by Ryan Adhami, allows Cafe De Colombia Bakery to establish their presence in the vibrant neighborhood of Astoria.

Players

Ryan Adhami

Schuckman Realty

Broker

7 deals

Broker

Astoria Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93