facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

31-21 Ditmars Boulevard, Qu...

The Brass Owl Signs Lease For Retail Space On Ditmars Blvd. In Queens
LEASEDRetail

The Brass Owl Signs Lease For Retail Space On Ditmars Blvd. In Queens

31-21 Ditmars Boulevard, Queens, New York 11105, United States

Building Size

900 SF

Asset Type

Retail

Closing

Apr 13, 2022

AI

Detailed information about a recent lease transaction in Queens has been revealed. The property involved is a retail space located at 31-21 Ditmars Blvd. The transaction took place on 04/14/2022, and the market in which the property is located is Queens. The asset type is retail, making it suitable for commercial activities. The property spans an area of approximately 900 square feet.

Summary of transation details

  • Property Type: Retail
  • Transaction Date: 04/14/2022
  • Address: 31-21 Ditmars Blvd.
  • Market: Queens
  • Asset Type: Retail

The landlord in this transaction is Dean Halvatzis and Lou Halvatzis. The tenant who has acquired the retail space is The Brass Owl. Representing the tenant in this deal is Parry Ermogenous from NextHome Empire.

The lease was signed at an asking rent of $56 per square foot, with a total area of 900 square feet. This deal showcases the active retail market in Queens and highlights the demand for commercial spaces in the area.

Players

Parry Ermogenous

NextHome

Broker

$4.9M

vol

7 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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