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22 31st Street, Astoria, NY...

Updated Oct 28, 2024

Bilt advertisement
Diamond Braces Leases Retail Space In Astoria From KSR Capital
LEASEDRetail

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

About this deal

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

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

89 deals

Broker
KSR Capital
KSR CapitalLandlord

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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

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