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264 Canal Street

Unimax Supply Company Leases Mixed-Use Space In Chinatown At 264 Canal Street
LEASEDMixed-use

Unimax Supply Company Leases Mixed-Use Space In Chinatown At 264 Canal Street

264 Canal Street

$45

$45/SF

Building Size

2,000 SF

Asset Type

Mixed-use

Closing

Nov 21, 2022

AI

The mixed-use property located at 264 Canal Street in Chinatown has been leased. The landlord, Avram Bogopulsky, has entered into a lease agreement with the tenant, Unimax Supply Company, represented by Wes Wood. The deal was facilitated by brokers Josh Augenbaum from Augenbaum Realty Corp. and Harris C Bulow from flagshipEra. The property is comprised of 2,100 square feet and was leased for an asking rent of $45 per square foot.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: Leased
  • Address: 264 Canal Street, Chinatown
  • Landlord: Avram Bogopulsky
  • Tenant: Unimax Supply Company - Wes Wood
  • BROKERS: Josh Augenbaum - Augenbaum Realty Corp. & Harris C Bulow - flagshipEra
  • Asking Rent: $45 per square foot
  • Square Footage: 2,100

This lease agreement was a successful collaboration between Avram Bogopulsky as the landlord, and Wes Wood as the tenant, with representation from brokers Josh Augenbaum and Harris C Bulow. This lease offers an opportunity for Unimax Supply Company to establish their presence in the vibrant market of Chinatown.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker

Avram Bogopulsky

Landlord

3 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93