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29 21 Ditmars Boulevard

BirriaLES Leases Retail Space At 29-21 Ditmars Boulevard With Landlord Solil Management
LEASEDRetail

BirriaLES Leases Retail Space At 29-21 Ditmars Boulevard With Landlord Solil Management

29 21 Ditmars Boulevard

$100

$100/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Jun 12, 2025

AI

The property involved in this transaction is a retail space located at 29-21 Ditmars Boulevard in East Elmhurst. The asking rent for this lease is set at $100 per square foot, with a total space of 2,000 square feet. The lease type is a modified gross lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $100/ft
  • Lease Type: Modified Gross Lease
  • Landlord: Solil Management – Jane Goldman
  • Tenant: BirriaLES
  • Tenant's Representative: Garrett Kelly - Meridian Capital Group

The deal features landlord Solil Management, represented by Jane Goldman, and tenant BirriaLES, with representation provided by Garrett Kelly from Meridian Capital Group. This transaction highlights the involvement of key industry players facilitating the lease agreement.

Players

Garrett Kelly

Meridian Capital Group

Broker

60 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Solil Management
Solil ManagementLandlord

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