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35 25 30th Avenue

Steve Tenedios Leases Office Space To The Rare Company At 35-25 30th Avenue In Astoria
LEASEDOffice

Steve Tenedios Leases Office Space To The Rare Company At 35-25 30th Avenue In Astoria

35 25 30th Avenue

$16

$16/SF

Building Size

5,000 SF

Asset Type

Office

Closing

Feb 20, 2025

AI

The property asset is located at 35-25 30th Avenue in the Astoria market. This office space encompasses a total square footage of 5,000 and is being leased at an asking rent of $16 per square foot. The lease is structured as a Modified Gross Lease with a term of 5 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $16/ft
  • Square Footage: 5,000
  • Address: 35-25 30th Avenue
  • Market: Astoria
  • Landlord: Steve Tenedios
  • Tenant: The Rare Company - Bryce Ryan
  • Broker: Steve Lelekidis - Modern Spaces
  • Lease Term: 5 years
  • Lease Type: Modified Gross Lease

The key individuals involved in this transaction include landlord Steve Tenedios and tenant Bryce Ryan, representing The Rare Company. The deal was brokered by Steve Lelekidis from Modern Spaces, facilitating the agreement between the parties to establish the lease terms.

Players

Steve Lelekidis

Modern Spaces

Broker

$18.9M

vol

18 deals

Broker

Steve Tenedios

Landlord

$40.2M

vol

7 deals

Landlord

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

991437.50%

Cash-on-Cash

-283355.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93