Local Locker Signs Lease At 21-30 44th Dr. In Long Island City
21-30 44th Dr.
Building Size
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Asset Type
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Closing
Sep 15, 2022
AI
The retail property located at 21-30 44th Dr. in Long Island City has been leased. The property spans 5,985 square feet and was leased by Local Locker. The landlord, Elias Kougemitros and Scott Shnay, agreed to the lease transaction. The lease was facilitated by Eddie Mamiye of Stately Ventures, who represented Local Locker. On the landlord's side, the lease was handled by Ike Bibi, George Skaliarinis, and Mark Gallucci of KSR.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 21-30 44th Dr., Long Island City
- Tenant: Local Locker
- Tenant's Rep: Eddie Mamiye - Stately Ventures
- Landlord: Elias Kougemitros & Scott Shnay
- Landlord's Rep: Ike Bibi, George Skaliarinis, & Mark Gallucci - KSR
Eddie Mamiye of Stately Ventures played a crucial role in securing the lease for Local Locker. Meanwhile, the landlord's representative included Ike Bibi, George Skaliarinis, and Mark Gallucci from KSR. This lease transaction signifies a successful collaboration between the tenant and landlord parties.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale 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