Updated Oct 9, 2026
Dr. Neos Stefanides Leases Medical Office To Urgent Management Clinic In Astoria For $45/ft
30-74 31st Street
Building Size
2,000 SF
Asset Type
Medical Office
Closing
Oct 1, 2026
About this deal
AI
This medical office located at 30-74 31st Street in the Astoria market has a leasing agreement in place. The asking rent is set at $45 per square foot for a total space of 2,000 square feet. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $90,000
- Landlord: Dr. Neos Stefanides
- Tenant: Urgent Management Clinic
- Brokers: Luca DiCiero & Faisal Gilani - NY Space Finders
The deal was facilitated by brokers Luca DiCiero and Faisal Gilani, representing the interests of both parties in this transaction. The leasing arrangement is expected to provide the Urgent Management Clinic with a space suitable for their medical operations.
On the Map
Medical Office
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Players
Astoria Medical Office Market Snapshot
Boundary boundary · Medical Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93