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
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