Xing Ying Signs Lease For Retail Space In Astoria With Landlord Hui Wang - Barbie Li Brokers The Deal - $60/ft. Rent
31-52 Steinway St, Long Island City, NY 11103, USA
Building Size
2,100 SF
Asset Type
Retail
Closing
Nov 18, 2022
AI
The retail property located at 31-52 Steinway Street in Astoria has been leased. The property spans 2,100 square feet and was leased by Xing Ying. The landlord, Hui Wang, negotiated the lease agreement with the assistance of broker Barbie Li from B Square Realty. The asking rent for the property was $60 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 31-52 Steinway Street
- Market: Astoria
Barbie Li, the broker-owner of B Square Realty, facilitated the lease agreement for this property. As a specialist in commercial leases and sales, Li has successfully signed leases for over 10,000 square feet in the past month alone in Queens. She also maintains a substantial inventory of off-market deals. For more information, interested parties can reach out to Barbie Li at [email protected].
Players
Market Retail Market Snapshot
Boundary boundary · Retail · 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