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243 Canal St, New York, NY ...

The M Jewelers Leases Office Space At 243 Canal Street In Chinatown With Tenant Rep Jeremy Aidan
LEASEDOffice

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

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.

Players

Michael Alvandi

City Urban Realty

Landlord

$172.8M

vol

11 deals

Landlord

New York Office Market Snapshot

Boundary boundary · Office · 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