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.