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23 168th Street

Omni New York Leases Retail Space To Taco Bell In New York City
LEASEDRetail

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

Greg Parassio

Booth Street

Broker

22 deals

Broker
OY
Omni New YorkLandlord
TB
Taco BellTenant

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