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StandOut Spaces Signs Lease For Industrial Property In Astoria, Queens With Landlord Lorenzo DeVardo

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LEASED
$19

New York

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Industrial6,200 SF
Leased 02/07/2024
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Property Image
LEASED

StandOut Spaces Signs Lease For Industrial Property In Astoria, Queens With Landlord Lorenzo DeVardo

11-15 31st Drive

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Industrial6,200 SF
Leased 02/07/2024
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$19
Total Square Footage:6,200 SF
Transaction Type:Lease

The industrial property located at 11-15 31st Drive in Astoria, Queens has recently been leased. The property spans over 6,200 square feet and features a modified gross lease. The deal was facilitated by Luca DiCiero, Faisal Gilani, and Damian Dakas of NY Space Finders, who represented both the landlord, Lorenzo DeVardo, and the tenant, StandOut Spaces. The asking rent for the lease was approximately $19.5 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 11-15 31st Drive, Astoria, Queens
  • Market: Astoria, Queens
  • Landlord: Lorenzo DeVardo
  • Tenant: StandOut Spaces
  • Brokers: Luca DiCiero, Faisal Gilani, and Damian Dakas - NY Space Finders
  • Asking Rent: $19.5/ft
  • Square Footage: 6,200
  • Lease Type: Modified Gross Lease

The lease transaction at 11-15 31st Drive was successfully negotiated with the help of Luca DiCiero, Faisal Gilani, and Damian Dakas from NY Space Finders. They played a pivotal role in representing both the landlord, Lorenzo DeVardo, and the tenant, StandOut Spaces. This deal showcases the expertise and professionalism of these brokers in the industrial real estate market in Queens.

Players

Faisal Gilani
46 deals$27.4M volume(925) 285-3075
BROKER

Luca DiCiero
NY Space Finders
151 deals$124.3M volume(347) 242-0353
BROKER

Damian Dakas
NY Space Finders
8 deals$9.8M volume(516) 840-2002
BROKER

Details

LEASED
IMAGE: Luca DiCiero, Faisal Gilani & Damian Dakas DATE: 02/07/2024 ADDRESS: 11-15 31st Drive MARKET: Astoria, Queens ASSET TYPE: Industrial LANDLORD: Lorenzo DeVardo TENANT: StandOut Spaces BROKERS: Luca DiCiero, Faisal Gilani (@Faisal_Gilani_CRE) & Damian Dakas (@D_Dakas) - NY Space Finders (@NYSpaceFinders) ASKING RENT: $19.5/ft ~ SF: 6,200 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$138,598.30

Total Lease Value

$1,385,983.01

Net Landlord Cash Flow$138,598.30