Omni New York Leases Retail Space To Taco Bell In New York City
23 168th Street
$65
$65/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Jan 18, 2023
AI
The retail property located at 92-23 168th Street in New York City has been leased. The deal was completed on 01/18/2023. The asset spans an area of 2,500 square feet. The landlord, Omni New York, has entered into an agreement with the tenant, Taco Bell. The transaction was facilitated by broker Greg Parassio from Booth Street.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Asking Rent: $65/ft
- Square Footage: 2,500
- Address: 92-23 168th Street
- Market: New York City
Giving more insight into the deal, Greg Parassio from Booth Street represented both the landlord, Omni New York, and the tenant, Taco Bell. The lease transaction highlights the collaboration between these key individuals and companies.
Players
Fresh Meadows 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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93