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
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