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31-74 Steinway St

Popeye's Signs Lease For 2,125 Sq Ft Retail Space At 31-74 Steinway St In Astoria
LEASEDRetail

Popeye's Signs Lease For 2,125 Sq Ft Retail Space At 31-74 Steinway St In Astoria

31-74 Steinway St

$65

$65/SF

Building Size

2,125 SF

Asset Type

Retail

Closing

Jan 1, 2021

AI

The property asset involved in this lease transaction is a retail unit located at 31-74 Steinway St in the Astoria market. The space comprises 2,125 square feet and has a rental rate of $65 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Lease Date: 01/01/2021
  • Address: 31-74 Steinway St
  • Market: Astoria
  • Tenant: Popeye's
  • Rent/SF: $65
  • Square Feet: 2,125.0

The transaction was facilitated by brokers Christian Mazzie and Thomas Caliendo from Tide Realty Group. They played key roles in representing the interests of the parties involved in this lease agreement.

Players

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

47 deals

Broker
P
Popeye'sTenant

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93