Krave_It Acquires Retail Space In Astoria, NYC
3618 30th Avenue, Astoria, NY 11103
Building Size
1,650 SF
Asset Type
Retail
Closing
Apr 27, 2021
About this deal
AI
The retail property located at 36-18 30th Avenue in Astoria has recently been leased. The property, with a square footage of 1,650, was leased by the tenant Krave_It, known for its pizza, chicken, and beverages. The landlord for this transaction is Frank Fontana. The lease was facilitated by Luca Diciero from NYSpaceFinders.
Summary of transaction details:
- Property Type: Retail
- Address: 36-18 30th Avenue, Astoria
- Market: Astoria
- Tenant: Krave_It
- Landlord: Frank Fontana
- Broker: Luca Diciero - NYSpaceFinders
- Asking Rent: $61.81/ft.
- Square Footage: 1,650
Luca Diciero from NYSpaceFinders played a vital role as the broker representing both the tenant, Krave_It, and the landlord, Frank Fontana, in this lease deal. The asking rent for the property was $61.81 per square foot.
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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