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
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