Ivy Rehab Leases Retail Space In Astoria To Dean Kartsonis For $75/ft
28-46 Steinway Street
$75
$75/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jun 14, 2024
AI
The retail property located at 28-46 Steinway Street in Astoria was leased to Ivy Rehab Physical Therapy. The space spans 2,000 square feet, with an asking rent of $75 per square foot. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 28-46 Steinway Street, Astoria
- Market: Astoria
- Landlord: Dean Kartsonis
- Tenant: Ivy Rehab Physical Therapy
- Landlord's Rep: Stephen Weber & Joshua Singer - The Heller Organization
- Tenant's Rep: Isaac Bijou & Meyer Dagmy - MOD
- Asking Rent: $75/ft
- Lease Type: Modified Gross Lease
The deal was facilitated by Stephen Weber & Joshua Singer from The Heller Organization representing the landlord, Dean Kartsonis, and Isaac Bijou & Meyer Dagmy from MOD representing the tenant, Ivy Rehab Physical Therapy.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93