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28-21 Steinway St, Long Isl...

Hot Peppers Mexican Grill Leases Retail Space In Astoria, Queens
LEASEDRetail

Hot Peppers Mexican Grill Leases Retail Space In Astoria, Queens

28-21 Steinway St, Long Island City, NY 11103, USA

Building Size

2,100 SF

Asset Type

Retail

Closing

Aug 31, 2020

AI

The retail property located at 28-21 Steinway Street in Astoria, Queens was recently leased. The asset, consisting of approximately 2,100 square feet, was leased to Hot Peppers Mexican Grill. The lease transaction was facilitated by Ryan Adhami from Golden Key New York.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 28-21 Steinway Street
  • Market: Astoria, Queens
  • Tenant: Hot Peppers Mexican Grill
  • Landlord: Mark Balmuth
  • Broker: Ryan Adhami - @GoldenKeyNewYork

Ryan Adhami, the representative of Golden Key New York, played a crucial role in facilitating the lease deal for the retail property on Steinway Street. Mark Balmuth acted as the landlord in this transaction.

Players

Ryan Adhami

Schuckman Realty

Broker

7 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93