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:
- Property Type: Industrial
- Transaction Amount: $135,000
- Lease Type: Single Net Lease
- Landlord: Angelo Acquista
- Tenant: Piece of Cake Moving
- Landlord's Representative: Luca DiCiero & Devin Navarro - NY Space Finders
- Tenant's Representative: Vincent Lopez & Jacques Wadler - Knickerbocker Realty Group
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
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