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:
- Property Type: Mixed-use
- Transaction Amount: Not Applicable
- Address: 30-38 31st Street
- Market: Astoria, Queens
- Tenant: Dash Nails Inc.
- Landlord: Mark Shakarov
- Brokers:
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
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