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198 Avenue a

Oasis Cafe Leases Retail Space At 198 Avenue A In East Village, Manhattan
LEASEDRetail

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

Brandon Efap

Investment Property Realty Group (IPRG)

Broker

14 deals

Broker

New York Retail Market Snapshot

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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