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
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