facebook

traded

+ Submit
Home

/

Deals

/

National

/

Retail

/

Lease

/

31-52 Steinway St, Long Isl...

Xing Ying Signs Lease For Retail Space In Astoria With Landlord Hui Wang - Barbie Li Brokers The Deal - $60/ft. Rent
LEASEDRetail

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

Hui Wang

HC Management

Broker

$7.8M

vol

7 deals

Broker

Hui Wang

Landlord

$7.8M

vol

7 deals

Landlord

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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