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264 Canal Street

William Cooper Dba William White Leases 2,000 SF Office Space At 264 Canal Street In Chinatown
LEASEDMixed-use

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

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker

Avram Bogopulsky

Landlord

3 deals

Landlord

William White

MCR

Tenant

$30M

vol

2 deals

Tenant

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