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
About this deal
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.
On the Map
Mixed-use
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Players
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