Diamond Braces Leases Retail Space In Astoria From KSR Capital
22 31st Street, Astoria, NY, USA
Building Size
1,600 SF
Asset Type
Retail
Closing
Oct 22, 2021
AI
Located in Astoria, the retail property at 22-54 31st Street has recently been leased. The transaction took place on October 22, 2021, with a tenant securing the space for Diamond Braces. The retail asset, spanning approximately 1,600 square feet, was leased from KSR Capital. The asking rent for the space was $150 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: October 22, 2021
- Address: 22-54 31st Street, Astoria
- Tenant: Diamond Braces
- Landlord: KSR Capital
- Asking Rent: $150 per square foot
The deal was facilitated by the landlord's representatives, George Skaliarinis and Mark Gallucci, along with the tenant's representatives, Jack Khaski and Albert Manopla. For additional information about the property, interested parties can reach out to Mark and George.
Note: Kassin Sabbagh Realty has additional available space related to the property. This includes 1,600 square feet of vented retail space with a full basement and outdoor area, as well as 3,200 square feet of second-floor retail space located directly at the subway entrance.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93