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
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