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
About this deal
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.
On the Map
$65
$65/SF
Retail
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Players
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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