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297 Park Avenue South

Abington Properties Leases Mixed-Use Space To Someday's Bakery At 297 Park Avenue South
LEASEDMixed-use

Abington Properties Leases Mixed-Use Space To Someday's Bakery At 297 Park Avenue South

297 Park Avenue South

$190

$190/SF

Building Size

1,700 SF

Asset Type

Mixed-use

Closing

Jun 10, 2025

AI

This mixed-use asset is located at 297 Park Avenue South in Manhattan. It encompasses a total square footage of 1,700. The asking rent for the property was set at $190 per square foot. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $190/ft
  • Square Footage: 1,700
  • Address: 297 Park Avenue South
  • Market: Manhattan
  • Landlord: Abington Properties
  • Tenant: Someday's Bakery
  • Landlord's Representative: Charles Rapuano - RTL Real Estate
  • Tenant's Representative: Eddie Mamiye - MOD

The transaction involved key representatives: Charles Rapuano acted on behalf of the landlord, Abington Properties, while Eddie Mamiye represented the tenant, Someday's Bakery. Both brokers played significant roles in facilitating the lease agreement between the two parties.

Players

Eddie Mamiye

Broker

$1.4M

vol

46 deals

Broker
RTL Real Estate
RTL Real EstateBrokerage

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

83489.47%

Cash-on-Cash

-23861.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93