IQBAL ZAFAR & CARMEN LENA Lease Retail Space On 36-18 Ditmars Blvd. In Astoria With Landlord Willie Degel
36-18 Ditmars Boulevard, Queens, New York 11105, United States
Building Size
3,200 SF
Asset Type
Retail
Closing
Apr 12, 2022
About this deal
AI
The retail property located at 36-18 Ditmars Blvd. in Astoria has been recently leased. The lease transaction took place on April 13, 2022.
Summary of transaction details:
- Property Type: Retail
- Address: 36-18 Ditmars Blvd., Astoria
- Market: Astoria
The landlord of the property is Willie Degel. The tenants who have leased the retail space are Iqbal Zafar and Carmen Lena. The lease deal was facilitated by Luca DiCiero and Devin Navarro from NY Space Finders acting as brokers on behalf of the tenants.
The asking rent for the leased space was $62 per square foot. The total square footage of the retail space is 3,200 square feet.
Players
New York 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