Crispy Burger Leases Retail Space At 35-18 30th Avenue In Astoria From Ciccarelli Family
35-18 30th Avenue
$85
$85/SF
Building Size
1,680 SF
Asset Type
Retail
Closing
Oct 11, 2024
AI
The retail asset located at 35-18 30th Avenue in the Astoria market encompasses a space measuring 1,680 square feet. The property is governed by a single net lease, with an asking rent set at $85 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $85/ft
- Square Footage: 1,680
- Address: 35-18 30th Avenue
- Market: Astoria
- Landlord: Ciccarelli Family
- Tenant: Crispy Burger
- Brokers: Luca DiCiero, Faisal Gilani & Damian Dakas - NY Space Finders
- Lease Type: Single Net Lease
The deal includes representation by brokers Luca DiCiero, Faisal Gilani, and Damian Dakas from NY Space Finders, facilitating the agreement between Ciccarelli Family as the landlord and Crispy Burger as the tenant.
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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93