The M Jewelers Leases Office Space At 243 Canal Street In Chinatown With Tenant Rep Jeremy Aidan
243 Canal St, New York, NY 10013, USA
Building Size
5,000 SF
Asset Type
Office
Closing
Aug 14, 2020
About this deal
AI
The M Jewelers has signed a lease for an office space located at 243 Canal Street in Chinatown. The property, owned by City Urban Realty and represented by Michael Alvandi, was leased through the assistance of Jamie Katcher, Douglas Regal, and Sebastian Infante from Cushman & Wakefield. The tenant was represented by Jeremy Aidan. The office space, measuring approximately 5,000 square feet, was rented at an asking rent of $60 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: N/A
- Date: 08/15/2020
- Address: 243 Canal Street
- Market: Chinatown
The M Jewelers' lease of the office space at 243 Canal Street was facilitated by the landlord's representatives, Jamie Katcher, Douglas Regal, and Sebastian Infante from Cushman & Wakefield. The tenant, represented by Jeremy Aidan, secured the space at an asking rent of $60 per square foot.
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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