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28 20 Ditmars Boulevard

Demetrios Daviotis Leases Retail Space To H&R Block At 28-20 Ditmars Boulevard
LEASEDRetail

Demetrios Daviotis Leases Retail Space To H&R Block At 28-20 Ditmars Boulevard

28 20 Ditmars Boulevard

$100

$100/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Jan 31, 2026

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.

Players

Steve Lelekidis

Modern Spaces

Broker

$18.9M

vol

18 deals

Broker

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