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
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