Lungi South Indian Restaurant Leases Retail Space At 31-19 Newtown Avenue In Astoria

The retail property located at 31-19 Newtown Avenue in Astoria features a square footage of 5,000. The property is currently under a Single Net Lease, with an asking rent of $77 per square foot.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $77/ft
• Address: 31-19 Newtown Avenue
• Market: Astoria
• Landlord: Phoenix Management
• Tenant: Lungi South Indian Restaurant
• Landlord's Rep: James Famularo, Jacob Mayer & Marcelo Demoraes - Meridian Capital Group
• Tenant's Rep: Ryan Adhami - Schuckman Realty

Key representatives involved in this lease transaction include James Famularo, Jacob Mayer, and Marcelo Demoraes, who represent the landlord through Meridian Capital Group, while Ryan Adhami represents the tenant via Schuckman Realty.