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31-22 Steinway Street

Ripco Real Estate Represents Fiori Flowers In Lease Deal At 31-22 Steinway St., Astoria, Queens
LEASEDRetail

Ripco Real Estate Represents Fiori Flowers In Lease Deal At 31-22 Steinway St., Astoria, Queens

31-22 Steinway Street

$65

$65/SF

Building Size

2,300 SF

Asset Type

Retail

Closing

Aug 9, 2022

AI

The retail space located at 31-22 Steinway St. in Astoria, Queens has been leased. The property spans approximately 2,300 square feet and was leased by Fiori Flowers. The Houri Family, as the landlord, facilitated the transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 31-22 Steinway St.
  • Market: Astoria, Queens
  • Tenant: Fiori Flowers
  • Landlord: Houri Family

The leasing process was represented by Ripco Real Estate on behalf of the landlord, with Doug Weinstein, John Genovese, Stephen R. Preuss Sr., and Andreas Efthymiou serving as the landlord's representatives. On the tenant's side, Ryan Adhami from Schuckman Realty acted as the tenant's representative.

Players

Andreas Efthymiou

Ripco

Broker

$1.1B

vol

128 deals

Broker

New York 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93