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31-75 23rd Street

Reality House Leases Office Space In Astoria's 31-75 23rd Street From Edward Cohen, Ralph Chera & Jeffrey Chera Of Verv Capital & Chera Realty Group
LEASEDOffice

Reality House Leases Office Space In Astoria's 31-75 23rd Street From Edward Cohen, Ralph Chera & Jeffrey Chera Of Verv Capital & Chera Realty Group

31-75 23rd Street

$45

$45/SF

Building Size

5,500 SF

Asset Type

Office

Closing

Mar 30, 2023

AI

An office space located at 31-75 23rd Street in Astoria has been leased by Reality House. The property spans 7,000 square feet and was leased on 03/30/2023. The asking rent for this lease was $45 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Provided

Edward Cohen, Ralph Chera, and Jeffrey Chera from Verv Capital and Chera Realty Group acted as the landlords of the leased office space. The landlord's representatives for this deal were George Skaliarinis and Mark Gallucci from KSR. Melissa Grasso represented Reality House as their tenant's representative.

Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

53 deals

Broker
RH
Reality HouseTenant

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93