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304 Canal St, New York, NY ...

Updated Nov 28, 2024

Stellar Works Leases Mixed-Use Space At 304 Canal Street In SoHo With David Green & Ike Bibi As Brokers
LEASEDMixed-use

Stellar Works Leases Mixed-Use Space At 304 Canal Street In SoHo With David Green & Ike Bibi As Brokers

304 Canal St, New York, NY 10013, USA

Building Size

1,800 SF

Asset Type

Mixed-use

Closing

Oct 28, 2020

About this deal

AI

304 Canal Street, located in SoHo, has recently been leased in a mixed-use transaction. The property, consisting of 1,800 square feet on the ground level and an additional 2,400 square feet on the lower level, was leased by Stellar Works.

Summary of transaction details:

The deal was facilitated by brokers David Green and Ike Bibi from Kassin Sabbagh Realty. The property, located at 304 Canal Street, caught the attention of Stellar Works, who signed the lease agreement with Vornado Realty Trust. The ground level spans 1,800 square feet, while the lower level offers an additional 2,400 square feet.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

126 deals

Broker
Vornado Realty Trust
Vornado Realty TrustLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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