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.
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