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31 64 Steinway Street

Annie Lin Leases Retail Space To Timeless Retreat Spring Beauty Spa At 31-64 Steinway Street
LEASEDRetail

Annie Lin Leases Retail Space To Timeless Retreat Spring Beauty Spa At 31-64 Steinway Street

31 64 Steinway Street

$144,000

$144,000/SF

Building Size

1,800 SF

Asset Type

Retail

Closing

Jun 16, 2025

AI

The retail asset at 31-64 Steinway Street in Astoria involves a lease transaction. The property encompasses a total of 1,800 square feet, with an asking rent of $85 per square foot. The lease term is set for 10 years under a modified gross lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $153,000
  • Landlord: Annie Lin
  • Tenant: Timeless Retreat Spring Beauty Spa
  • Broker: Frank Ko
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Date of Transaction: 6/17/2025

Frank Ko represented the landlord, Annie Lin, in this lease transaction. The involvement of Frank Ko highlights the importance of professional brokerage services in securing properties within the retail market segment.

Players

Frank Ko

Broker

$19.6M

vol

16 deals

Broker

Astoria 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

110.16%

Cash-on-Cash

-31.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93