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31 25 20th Avenue

Angelo Acquista Leases Industrial Space In Astoria To Piece Of Cake Moving For $30/ft
LEASEDIndustrial

Angelo Acquista Leases Industrial Space In Astoria To Piece Of Cake Moving For $30/ft

31 25 20th Avenue

$30

$30/SF

Building Size

4,500 SF

Asset Type

Industrial

Closing

Aug 5, 2025

AI

The property involved in this transaction is an industrial asset located at 31-25 20th Avenue in Astoria. The lease type is a Single Net Lease, with the asking rent set at $30 per square foot for a total space of 4,500 square feet.

Summary of transaction details:

This transaction involved key individuals such as the landlord, Angelo Acquista, and the tenant, Piece of Cake Moving. Representing the landlord, Luca DiCiero and Devin Navarro came from NY Space Finders, while Vincent Lopez and Jacques Wadler from Knickerbocker Realty Group represented the tenant in the lease agreement.

Players

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

151 deals

Broker
NY Space Finders
NY Space FindersBrokerage

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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93