facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Lease

/

27-17 24th Ave, Long Island...

Cuts & Cloth Barbershop Leases Retail Space In Astoria, Queens, At 27-17 24th Avenue
LEASEDMixed-use

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

Ryan Adhami

Schuckman Realty

Broker

7 deals

Broker

Astoria Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

Loading comparables…

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