Oasis Gallery Secures 2,000 SF Lease At 264 Canal Street From Nachama Realty
264 Canal Street
$50
$50/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Mar 22, 2026
AI
The property involved in this transaction is a mixed-use asset located at 264 Canal Street on the 2nd Floor in the Tribeca market of Manhattan. The lease type is a Modified Gross Lease, with an asking rent of $50 per square foot for a total area of 2,000 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $100,000
- Address: 264 Canal Street - 2nd Floor
- Market: Tribeca, Manhattan
- Landlord: Nachama Realty
- Tenant: Oasis Gallery
- Landlord's Representative: Josh Augenbaum & Joey Attar - Augenbaum Realty
- Tenant's Representative: Isaac Abed - Momentum Realty Group
The deal was facilitated by key individuals in the real estate sector. Josh Augenbaum and Joey Attar represented the landlord, Nachama Realty, while Isaac Abed represented the tenant, Oasis Gallery, through Momentum Realty Group.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93