William Cooper Dba William White Leases 2,000 SF Office Space At 264 Canal Street In Chinatown
264 Canal Street
$30
$30/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Oct 6, 2023
AI
The office space located at 264 Canal Street in Chinatown, Manhattan has been leased in a closed transaction. The space spans 2,000 square feet and is situated on the east floor of the building. The lease term is for 6 years and follows a modified gross lease structure. The asking rent for the space was set at $30 per square foot.
Summary of transaction details:
- Property Type: Office
- Address: 264 Canal Street, Floor East, Chinatown, Manhattan
- Lease Term: 6 Years
- Asking Rent: $30/ft
- Square Footage: 2,000
The landlord for this lease is Avram Bogopulsky, while the tenant is William Cooper who operates under the business name William White. Representing the tenant in the deal was broker Josh Augenbaum from Augenbaum Realty.
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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93