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1694 Park Ave, New York, NY...

Oregano Restaurant Group Leases 2100 Square Feet At 1694 Park Ave In New York
LEASEDRetail

Oregano Restaurant Group Leases 2100 Square Feet At 1694 Park Ave In New York

1694 Park Ave, New York, NY, 10035

Building Size

2,100 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property involved in this lease transaction is located at 1694 Park Ave, New York, NY, 10035. This asset encompasses a total of 2,100 square feet and is situated in the New York market.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not provided
  • Tenant: Oregano Restaurant Group
  • Landlord: Orsipel LLC
  • Tenant's Representative: Joseph DiSalvo - Marcus & Millichap, Louis Franco
  • Landlord's Representative: Jeffrey "Jeff" Angel

Key individuals involved in the transaction include the tenant, Oregano Restaurant Group, and the landlord, Orsipel LLC. The representatives are Joseph DiSalvo and Louis Franco for the tenant, while Jeffrey "Jeff" Angel represents the landlord in this lease agreement.

Players

Louis Franco

Broker

$10.5M

vol

10 deals

Broker
OL
Orsipel LLCLandlord

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