Amazing Shopping Discount Inc. Leases Retail Space At 69-10 Grand Avenue In Maspeth With Michelle Abramov - Asset Commercial Realty Group
6910 Grand Avenue, Maspeth, NY 11378, USA
Building Size
12,000 SF
Asset Type
Retail
Closing
Oct 19, 2021
About this deal
AI
The retail property located at 69-10 Grand Avenue in Maspeth has been leased. The asset spans an area of 12,000 square feet. The lease transaction took place on 10/19/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 10/19/2021
- Address: 69-10 Grand Avenue, Maspeth
- Market: Maspeth
The landlord for the property is Robert Aiello. The tenant who secured the lease is Amazing Shopping Discount Inc. Representing the tenant in the deal was Michelle Abramov from Asset Commercial Realty Group (AssetCRG).
The asking rent for the retail space is $30 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93