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28-46 Steinway Street

Ivy Rehab Leases Retail Space In Astoria To Dean Kartsonis For $75/ft
LEASEDRetail

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:

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

Isaac Bijou

MOD

Broker

$1.4M

vol

39 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93