Duchess Cookies Leases Retail Space In Astoria, NY With Broker Luca Diciero @NYSpaceFinders
36-09 Ditmars Boulevard, Astoria, NY, 11105, USA
Building Size
1,228 SF
Asset Type
Retail
Closing
May 24, 2020
About this deal
AI
The retail property located at 36-09 Ditmars Blvd. in Astoria was recently leased. The asset, measuring 1,228 square feet, was leased to Duchess Cookies 🍪. The tenant, Ioannis Laskaris, will be operating the business at this location. The lease transaction was facilitated by broker Luca Diciero from NYSpaceFinders, who represented both the tenant and the landlord, Rocco Curti. The asking rent for the property was $64 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
This lease deal was successfully closed, with Duchess Cookies 🍪 securing the retail space at 36-09 Ditmars Blvd. in Astoria. The tenant, represented by broker Luca Diciero from NYSpaceFinders, will be operating their business at this location. Luca Diciero also represented the landlord, Rocco Curti, in this transaction. The lease agreement was negotiated at an asking rent of $64 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93