Cuts & Cloth Barbershop Leases Retail Space In Astoria, Queens, At 27-17 24th Avenue
27-17 24th Ave, Long Island City, NY 11102, USA
Building Size
700 SF
Asset Type
Mixed-use
Closing
Aug 16, 2020
AI
A retail property located at 27-17 24th Avenue in Astoria, Queens has recently been leased. The property, measuring 700 square feet, was rented by Cuts & Cloth Barbershop. The landlord involved in the deal was George Vrussis. The lease was facilitated by broker Ryan Adhami from Golden Key New York.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Asking Rent: $60
- Square Footage: 700
- Tenant: Cuts & Cloth Barbershop
- Landlord: George Vrussis
- Broker: Ryan Adhami from Golden Key New York
The lease transaction took place on 08/17/2020 in the market of Astoria, Queens. The retail property at 27-17 24th Avenue was rented at an asking rent of $60 per square foot. Ryan Adhami from Golden Key New York acted as the broker representing both the tenant, Cuts & Cloth Barbershop, and the landlord, George Vrussis.
Players
Astoria Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93