Onoufri Argento Of Argento Construction Leases Industrial Space From Landlord Bruno Carullo In Astoria
19 50 Steinway Street
$28
$28/SF
Building Size
12,500 SF
Asset Type
Industrial
Closing
Sep 4, 2025
AI
The asset involved in this lease transaction is an industrial property located at 19-50 Steinway Street in Astoria. The asking rent for the property is $28 per square foot, amounting to a total of 12,500 square feet. The lease type is a modified gross lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28/ft
- SF: 12,500
- Address: 19-50 Steinway Street
- Market: Astoria
- Landlord: Bruno Carullo
- Tenant: Onoufri Argento/ Argento Construction
- Brokers: Luca DiCiero & Devin Navarro - NY Space Finders
- Lease Type: Modified Gross Lease
This transaction involved Bruno Carullo as the landlord and Onoufri Argento representing Argento Construction as the tenant. The brokers facilitating the deal were Luca DiCiero and Devin Navarro from NY Space Finders.
Players
Astoria Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93