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34 14 Broadway

Eithan Walker Leases Retail Space To Art Barrio By Sky Village At 34-14 Broadway
LEASEDRetail

Eithan Walker Leases Retail Space To Art Barrio By Sky Village At 34-14 Broadway

34 14 Broadway

$120,000

$120,000/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Aug 12, 2025

AI

The property asset involved in the transaction is a retail space located at 34-14 Broadway in Astoria. The lease features an asking rent of $100 per square foot for a total of 1,200 square feet. The lease term is set for 5 years and is classified as a NNN Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $120,000
  • Address: 34-14 Broadway
  • Market: Astoria
  • Landlord: Eithan Walker
  • Tenant: Art Barrio by Sky Village
  • Landlord's Representative: Angelos Grammatikos & Theodore Giannopoulos - Modern Spaces
  • Tenant's Representative: Jeremy Ruiz & Vincent Yee - Modern Spaces
  • Lease Term: 5 Years
  • Lease Type: NNN Lease

The individuals involved in this lease transaction include landlord Eithan Walker and tenant Art Barrio by Sky Village. The representation for both parties was handled by the same brokerage firm, Modern Spaces, represented by Angelos Grammatikos and Theodore Giannopoulos for the landlord, while Jeremy Ruiz and Vincent Yee represented the tenant.

Players

Jeremy Ruiz

Modern Spaces

Broker

$16.1M

vol

5 deals

Broker
Modern Spaces
Modern SpacesBrokerage

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

132.19%

Cash-on-Cash

-37.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93