Elena Aesthetic Center Leases Retail Space In Astoria For $55/ft
35-05 31st Street
Building Size
1,100 SF
Asset Type
Retail
Closing
May 3, 2024
About this deal
AI
The retail property located at 35-05 31st Avenue in Astoria, Queens, was leased to Elena Aesthetic Center. The lease agreement involved an asking rent of $55 per square foot for the 1,100 square feet of retail space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 35-05 31st Avenue
- Market: Astoria, Queens
- Landlord: Jasmine Baktidy-Memos
- Tenant: Elena Aesthetic Center
- Brokers: Steve Lelekidis & Dimitrios Koufakos - Modern Spaces
- Asking Rent: $55/ft
- Square Footage: 1,100
- Lease Type: Retail Lease
The deal was brokered by Steve Lelekidis and Dimitrios Koufakos from Modern Spaces. Their expertise in the Astoria market facilitated the lease agreement between the landlord, Jasmine Baktidy-Memos, and the tenant, Elena Aesthetic Center, showcasing their proficiency in retail real estate transactions.
On the Map
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93