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Skybridge Restoration Acquires Retail Space In Astoria For $65/ft

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LEASED
$65

New York

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Retail15,000 SF
Leased 02/02/2023
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Property Image
LEASED

Skybridge Restoration Acquires Retail Space In Astoria For $65/ft

32-62 Steinway Street

See Similar Deals
Retail15,000 SF
Leased 02/02/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$65
Total Square Footage:15,000 SF
Transaction Type:Lease

The retail property located at 32-62 Steinway Street in Astoria, New York City, has been leased. The property, spanning 15,000 square feet, was leased by Skybridge Restoration, NY State - Renzo Gracie. The landlord, Soundview Realty, enlisted the services of John Lagoudis from Realty Executives Today as their broker representative. The lease term for the property is set at 20 years.

Summary of transation details

  • Property Type: Retail
  • Asking Rent: $65/ft
  • Square Footage: 15,000
  • Lease Term: 20 years
  • Landlord: Soundview Realty
  • Tenant: Skybridge Restoration, NY State - Renzo Gracie
  • Broker: John Lagoudis - Realty Executives Today

The lease agreement for the retail property was facilitated by John Lagoudis from Realty Executives Today, who represented the landlord, Soundview Realty. Skybridge Restoration, NY State - Renzo Gracie, will be the tenant for the next 20 years. This lease transaction marks a significant commitment for both parties involved.

Players

John Lagoudis
12 deals$166.7M volume(917) 662-4910
BROKER


3 deals
TENANT

Details

LEASED
IMAGE: John Lagoudis DATE: 02/02/2023 ADDRESS: 32-62 Steinway Street, Astoria MARKET: New York City ASSET TYPE: Retail LANDLORD: Soundview Realty TENANT: Skybridge Restoration, NY State (@SkybridgeRestoration) -Renzo Gracie BROKER: John Lagoudis (@JohnnyLags) - Realty Executives Today (@RealtyExecutivesToday) ASKING RENT: $65/ft ~ SF: 15,000 LEASE TERM: 20 years

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Deal Type
Effective Rent (Annual)

$1,117,728.23

Total Lease Value

$11,177,282.33

Net Landlord Cash Flow$1,117,728.23