John Ciafone Leases Retail Space To Laser Off Spa At 44-19 Broadway In Astoria For $36/ft
44-19 Broadway
Building Size
3,500 SF
Asset Type
Retail
Closing
Oct 22, 2026
About this deal
AI
This retail lease involves a space located at 44-19 Broadway in Astoria, featuring a total square footage of 3,500. The asking rent for this property is set at $36 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $126,000
- Landlord: John Ciafone
- Tenant: Laser off Spa
- Brokers: Noam Aziz, Joaquin Carrillo & Alex Tabaroki - Meridian Capital Group
- Lease Type: Retail Lease
The transaction involved notable brokers Noam Aziz, Joaquin Carrillo, and Alex Tabaroki, representing Meridian Capital Group in facilitating the lease agreement. Their role was pivotal in bringing together the landlord and tenant for this retail space.
On the Map
Retail
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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
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93