Ayra Adelipour Leases Mixed-Use Property At 30-78 Steinway Street To Jeff Teera For $75/ft
30-78 Steinway Street
$163,125
$163,125/SF
Building Size
2,175 SF
Asset Type
Mixed-use
Closing
Feb 28, 2026
AI
The property involved in this transaction is a mixed-use asset located at 30-78 Steinway Street in the Astoria market. The lease asking rent is set at $75 per square foot for a total of 2,175 square feet. The lease term is established for a duration of 10 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $75/ft
- Square Footage: 2,175
- Address: 30-78 Steinway Street
- Market: Astoria
- Landlord: Ayra Adelipour
- Tenant: Jeff Teera
- Broker: Frank Ko
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
The key individuals involved in this transaction include the landlord, Ayra Adelipour, and the tenant, Jeff Teera. The broker facilitating this lease deal is Frank Ko.
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
97.24%
Cash-on-Cash
-27.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93