MediDental Care Leases 3000 Square Feet At 2246 31st St In Astoria New York
2246 31st St, Queens, NY, 11105
Building Size
3,000 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 2246 31st St, Queens, NY, 11105, within the Astoria market. The asset encompasses a total area of 3,000 square feet.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: MediDental Care
- Landlord: QN Realty LLC
- Tenant's Representative: Dean Rosenzweig
- Landlord's Representatives: Ed Glackin, Jeremy Scholder - CBRE
This transaction marks a leasing agreement between MediDental Care and QN Realty LLC, facilitated by their respective representatives. Dean Rosenzweig acted on behalf of the tenant, while the landlord was represented by Ed Glackin and Jeremy Scholder from CBRE.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93