Club Pilates Signs 10 Year Lease At 34-11, 34-13 & 34-15 Broadway In Astoria
34 15 Broadway
$90
$90/SF
Building Size
82 SF
Asset Type
Retail
Closing
Jan 22, 2025
About this deal
AI
The retail asset located at 34-11, 34-13 & 34-15 Broadway in Astoria has a total square footage of 3,500. The property is leased at an asking rent of $82 per square foot and is under a modified gross lease term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $82/ft
- Address: 34-11, 34-13 & 34-15 Broadway
- Market: Astoria
- Landlord: Lisa Puccio
- Tenant: Club Pilates
- Brokers: Devin Navarro, Faisal Gilani & Luca DiCiero - NY Space Finders
- Lease Term: 10 years
- Lease Type: Modified Gross
- Square Footage: 3,500
The deal involved brokers Devin Navarro, Faisal Gilani, and Luca DiCiero from NY Space Finders, representing the respective parties in the transaction. The lease has specific terms that align with the tenant's operational needs and the landlord's management strategies.
On the Map
$90
$90/SF
Retail
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Players
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93