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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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