Vini Consulting Signs Lease For Retail Space In Astoria At 31-52 Steinway Street
31-52 Steinway Street, Astoria, NY, USA
Building Size
2,100 SF
Asset Type
Retail
Closing
Dec 3, 2020
About this deal
AI
A retail property located at 31-52 Steinway Street in Astoria was recently leased by Vini Consulting LLC. The property, covering an area of 2,100 square feet, was represented by Barbie Li of Barbie Li NY Broker. The lease agreement was finalized on December 4, 2020, with an asking rent of $66 per square foot.
Summary of transaction details
- Property Type: Retail
- Address: 31-52 Steinway Street, Astoria
- Market: Astoria
- Tenant: Vini Consulting LLC
- Landlord: Anna Wang
- Broker: Barbie Li - Barbie Li NY Broker
- Asking Rent: $66 per square foot
- Square footage: 2,100
Barbie Li of Barbie Li NY Broker played a crucial role in representing the tenant, Vini Consulting LLC, in this lease transaction. Anna Wang served as the landlord in the deal. The lease agreement was successfully executed, allowing Vini Consulting LLC to establish its presence in the vibrant Astoria market.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93