Sol Goldman Leases Retail Space To DOMA Taekwondo At 21-61 31st Street Astoria
21 61 31st Street
$75
$75/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Feb 14, 2025
AI
The property asset involved in the transaction is a retail space located at 21-61 31st Street, Astoria. The asset has an area of 2,500 square feet and is under a modified gross lease. The asking rent for this location is $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $187,500
- Address: 21-61 31st Street
- Market: Astoria
- Lease Type: Modified Gross Lease
- Landlord: Sol Goldman
- Tenant: DOMA Taekwondo
- Broker: Richard Babeck - Tri State Commercial Realty
Key individuals involved in the deal include Sol Goldman, acting as the landlord, and DOMA Taekwondo, which is the tenant taking the lease. Richard Babeck from Tri State Commercial Realty represents the transaction as the broker for this lease agreement.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93