Rafaella Bistro Leases Retail Space At 12-23 Astoria Boulevard For $180,000 Key Money
12-23 Astoria Boulevard
$180,000
$180,000/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Mar 31, 2026
AI
The transaction involves a retail asset located at 12-23 Astoria Boulevard in the Astoria market, spanning 1,500 square feet. The key money for this lease is set at $180,000, and the lease type falls under "Other."
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $180,000
- Lease Type: Other
- Address: 12-23 Astoria Boulevard
- Market: Astoria
- Landlord: John Parlatore
- Tenant: Rafaella Bistro
- Landlord's Representative: Joaquin Carrillo & Kevin Bisconti - Meridian Capital Group
- Tenant's Representative: James Famularo - Meridian Capital Group
The deal was facilitated by representatives from Meridian Capital Group, with Joaquín Carrillo and Kevin Bisconti representing the landlord, John Parlatore, while James Famularo represented the tenant, Rafaella Bistro.
Players
Astoria Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
88.13%
Cash-on-Cash
-25.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93