Ebb & Bloom Cafe Leases Retail Space At 35-01 36th Avenue In Astoria For $62/ft
35 01 36th Avenue
$62
$62/SF
Building Size
1,570 SF
Asset Type
Retail
Closing
Dec 10, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 35-01 36th Avenue in Astoria. The asking rent for this inline space was set at $62 per square foot, with a total area of 1,570 square feet. The lease type is a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $62/ft
- Square Footage: 1,570
- Address: 35-01 36th Avenue
- Market: Astoria
- Landlord: Stellar Management
- Tenant: Ebb & Bloom Cafe
- Landlord's Rep: James Famularo, Jordan Langer & Cory Rywalt - Meridian Capital Group
- Tenant's Rep: Max Freudenberger - Meridian Capital Group
- Lease Type: Single Net Lease
This transaction highlights the efforts of the brokerage team, which successfully took over the listing after it had been on the market for over a year with another broker. In just nine weeks, they secured multiple offers and leased the property above the asking rent to the selected tenant.
On the Map
$62
$62/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
255854.84%
Cash-on-Cash
-73124.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93