George Georgiou Leases Retail Space To Xcellent Hair Artistry At 36-04 30th Avenue
36-04 30th Avenue
Building Size
1,500 SF
Asset Type
Retail
Closing
Oct 10, 2024
About this deal
AI
The retail asset involved in the transaction is located at 36-04 30th Avenue in Astoria. The asking rent for the 1,500 square foot space is priced at $80 per foot. The lease term is set for 10 years and falls under a Single Net Lease type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120,000
- Landlord: George Georgiou
- Tenant: Xcellent Hair Artistry
- Broker: Steve Lelekidis - Modern Spaces
This transaction was facilitated by Steve Lelekidis, representing the landlord George Georgiou during the leasing process to tenant Xcellent Hair Artistry.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93