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
About this deal
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
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