Sandy Gerber Leases Mixed-use Property At 30-05 31st Avenue Astoria For $60/ft

The property asset involved in this transaction is a mixed-use space located at 30-05 31st Avenue in Astoria, with an asking rent of $60 per square foot and a total square footage of 1,800. The lease is set for a term of 5 years under a modified gross lease structure.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $108,000
• Address: 30-05 31st Avenue
• Market: Astoria
• Landlord: Angelo Lemode
• Tenant: Sandy Gerber
• Broker: Yianni Bachas - Amorelli Realty
• Lease Term: 5 Years
• Lease Type: Modified Gross Lease

Yianni Bachas of Amorelli Realty represented the landlord, Angelo Lemode, in this leasing transaction. The owner acquired the property seven months prior to this lease agreement and initially worked with another broker before the change in representation. The deal highlights the importance of local expertise in Astoria's real estate market.