Frank Arca Leases Mixed-Use Property In Astoria To Bowl Bites For $70 Per Foot
36-17 30th Avenue
$10,250
$5/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Jul 22, 2026
About this deal
AI
The property asset involved in this lease transaction is a mixed-use building located at 36-17 30th Avenue in Astoria. The asking rent for the space is set at $70 per square foot, with a total area of 1,800 square feet. The lease term is specified as 10 years, and it is a modified gross lease type.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $70/ft
- Square Footage: 1,800
- Address: 36-17 30th Avenue
- Market: Astoria
- Landlord: Frank Arca
- Tenant: Bowl Bites
- Tenant's Representative: Jack Sardar - Tri State Commercial Realty
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
This lease transaction involves Frank Arca as the landlord and Bowl Bites as the tenant. Jack Sardar from Tri State Commercial Realty represents the tenant. It is noted that this will be the second location for Bowl Bites, and they are actively exploring additional locations, encouraging inquiries to Jack Sardar for potential spaces.
On the Map
$10,250
$5/SF
Mixed-use
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Players
Astoria Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1547.61%
Cash-on-Cash
-442.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93