Demetrios Daviotis Leases Retail Space To H&R Block At 28-20 Ditmars Boulevard
28 20 Ditmars Boulevard
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 31, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 28-20 Ditmars Boulevard in the Astoria market. The property has a square footage of 1,500 and is leased under a Modified Gross Lease structure with an asking rent of $100 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150,000
- Landlord: Demetrios Daviotis
- Tenant: H&R Block
- Landlord's Representative: Steve Lelekidis - Modern Spaces
- Tenant's Representative: James Ariola - Cushman & Wakefield
This transaction includes recognized representatives for both the landlord and tenant, facilitating the lease agreement. Steve Lelekidis from Modern Spaces represents the landlord, while James Ariola from Cushman & Wakefield represents the tenant in this deal.
On the Map
Retail
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93