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25 21 49th Street

Michael Perdios Leases Office Space To Lamis Yahia At 25-21 49th Street Astoria
LEASEDOffice

Michael Perdios Leases Office Space To Lamis Yahia At 25-21 49th Street Astoria

25 21 49th Street

$24

$24/SF

Building Size

3,000 SF

Asset Type

Office

Closing

Feb 5, 2025

AI

The property involved in this transaction is an office space located at 25-21 49th Street in the Astoria market. The asking rent is set at $24 per square foot for a total area of 3,000 square feet. The lease term spans 5 years and the lease type is a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $24/ft
  • Lease Term: 5 years
  • Lease Type: Modified Gross Lease
  • Landlord: Michael Perdios
  • Tenant: Lamis Yahia
  • Broker: Theodosis Neocli - Astoria Realty

Representing the landlord in this transaction is Michael Perdios, while Lamis Yahia is the tenant entering into the lease agreement. The deal was facilitated by broker Theodosis Neocli from Astoria Realty, ensuring the interests of both parties were addressed throughout the negotiation process.

Players

Theodosis Neocli

Astoria Realty

Broker

$15.8M

vol

10 deals

Broker

Astoria Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93