LEASEDOffice
Stellar Management Leases 16,082 SF Office To The Child Center Of NY In Astoria
35-01 36th Avenue
Building Size
16,082 SF
Asset Type
Office
Closing
Oct 27, 2026
About this deal
AI
The office property located at 35-01 36th Avenue in Astoria has an asking rent of $50 per square foot and encompasses a total of 16,082 square feet. The asset is part of the larger Astoria Pointe development, which has additional office space available for lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $50/ft
- Address: 35-01 36th Avenue
- Market: Astoria
- Lease Type: Modified Gross Lease
- Landlord: Stellar Management
- Tenant: The Child Center of NY
- Landlord's Representative: Luca DiCiero & Faisal Gilani - NY Space Finders
- Tenant's Representative: Gail Roseman - Shalom & Zuckerbrot
- Remaining Office Space for Lease: 22,291 SF
Luca DiCiero and Faisal Gilani from NY Space Finders represented the landlord in this transaction, while Gail Roseman from Shalom & Zuckerbrot represented the tenant. The lease transaction highlights the collaborative efforts of these brokers in finalizing the agreement for the office space.
On the Map
Office
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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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93