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
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