Oasis Cafe Leases Retail Space At 198 Avenue A In East Village, Manhattan
198 Avenue a
$102
$102/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Oct 11, 2023
AI
The retail property located at 198 Avenue A in the East Village, Manhattan, has been leased to Oasis Cafe. The lease transaction was facilitated by Flavia F. Cesare, the landlord of the property, and her representative, Brandon Efap from Investment Property Realty Group (IPRG). The tenant, Oasis Cafe, was represented by Haz Aliessa from Tower Brokerage. The lease agreement is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $102/ft
- Square Footage: 1,300
- Lease Type: Modified Gross Lease
Flavia F. Cesare is the landlord of the retail property located at 198 Avenue A. The lease transaction was facilitated by Brandon Efap from Investment Property Realty Group (IPRG), who represented the landlord in the deal. Oasis Cafe, the tenant, was represented by Haz Aliessa from Tower Brokerage. The lease agreement is a Modified Gross Lease.
Players
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
155519.61%
Cash-on-Cash
-44447.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93