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23-81 21st Road, Astoria, N...

FridgeNoMore Leases Retail Space In Astoria At 23-81 21st Street With Michelle Abramov - Asset Commercial Realty Group (AssetCRG)
LEASEDRetail

FridgeNoMore Leases Retail Space In Astoria At 23-81 21st Street With Michelle Abramov - Asset Commercial Realty Group (AssetCRG)

23-81 21st Road, Astoria, NY, USA

Building Size

2,243 SF

Asset Type

Retail

Closing

Sep 1, 2021

AI

The property involved in the transaction is a retail space located at 23-81 21st Street in Astoria. The asset spans a total of 2,243 square feet. The lease transaction took place on September 1, 2021. The tenant who leased the space is @FridgeNoMore, and the landlord is Anthony Federici. The asking rent for the retail space was $40 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 23-81 21st Street
  • Market: Astoria

The broker involved in this lease transaction was Michelle Abramov of Asset Commercial Realty Group (AssetCRG).

Players

Michelle Abramov

Ripco

Broker

$64.9M

vol

26 deals

Broker
F
FridgeNoMoreTenant

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