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21 61 31st Street

Sol Goldman Leases Retail Space To DOMA Taekwondo At 21-61 31st Street Astoria
LEASEDRetail

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.

Players

Richard Babeck

Tri State Commercial Realty

Broker

$3.5M

vol

20 deals

Broker

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