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37 11 30th Avenue

Casabianca Family Leases Retail Space To Tongma At 37-11 30th Avenue In Astoria
LEASEDRetail

Casabianca Family Leases Retail Space To Tongma At 37-11 30th Avenue In Astoria

37 11 30th Avenue

$90

$90/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Dec 31, 2025

AI

The property asset involved is a retail space located at 37-11 30th Avenue in the Astoria market. It comprises a total square footage of 1,200 and is available for lease at an asking rent of $90 per square foot. The lease type is modified gross.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $90/ft
  • Square Footage: 1,200
  • Address: 37-11 30th Avenue
  • Market: Astoria
  • Landlord: Casabianca Family
  • Tenant: Tongma
  • Landlord's Representative: Luca DiCiero & Faisal Gilani - NY Space Finders

The key individuals involved in the transaction include the Casabianca Family as the landlord and Tongma as the tenant. The deal was represented by Luca DiCiero and Faisal Gilani from NY Space Finders, who acted on behalf of the landlord in this lease agreement.

Players

Faisal Gilani

NY Space Finders

Broker

$27.4M

vol

46 deals

Broker

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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93