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30-38 31st Street

Angelos Grammatikos, Theodore Giannopoulos & Steve Lelekidis Lease Mixed-Use Asset In Astoria
LEASEDMixed-use

Angelos Grammatikos, Theodore Giannopoulos & Steve Lelekidis Lease Mixed-Use Asset In Astoria

30-38 31st Street

$70

$70/SF

Building Size

1,354 SF

Asset Type

Mixed-use

Closing

Jun 20, 2024

AI

The mixed-use property located at 30-38 31st Street in Astoria, Queens, was part of a lease transaction involving landlord Mark Shakarov and tenant Dash Nails Inc. The lease term spanned 10 years, with an asking rent of $70 per square foot for the 1,354 square feet of space.

Summary of transaction details:

The deal was facilitated by the brokerage team of Angelos Grammatikos, Theodore Giannopoulos, and Steve Lelekidis from Modern Spaces. Their expertise contributed to the successful conclusion of the 10-year lease agreement between landlord Mark Shakarov and tenant Dash Nails Inc., highlighting a collaborative effort among all parties involved in the transaction.

Players

Steve Lelekidis

Modern Spaces

Broker

$18.9M

vol

18 deals

Broker

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93