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255 Canal Steet

Art Elite Leases Office Space At 255 Canal Street In Manhattan With Rep Morris Tobias - BH Realty Group
LEASEDOffice

Art Elite Leases Office Space At 255 Canal Street In Manhattan With Rep Morris Tobias - BH Realty Group

255 Canal Steet

$45

$45/SF

Building Size

2,000 SF

Asset Type

Office

Closing

Mar 29, 2023

AI

Art Elite has leased office space at 255 Canal Street in Manhattan. The property, owned by Verv Capital and represented by Edward Cohen, offers approximately 2,000 square feet of office space. The lease was facilitated by Morris Tobias of BH Realty Group. The asking rent for the space was $45 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 255 Canal Street
  • Market: Manhattan
  • Landlord: Verv Capital - Edward Cohen
  • Tenant: Art Elite
  • Broker: Morris Tobias - BH Realty Group
  • Asking Rent: $45/ft
  • Square Footage: 2,000

Additional office space is available at 255 Canal Street. Interested individuals can contact [email protected] to inquire about leasing office space in this property or anywhere in New York. BH Realty Group is a full-service residential and commercial brokerage that specializes in both exclusive leasing and sales. They prioritize relationships with clients and provide advisory services to owners and developers to maximize asset growth potential. Brokers who are interested in enhancing their real estate skillset and working with exclusive listings can contact [email protected] to explore career opportunities within the industry.

Players

Morris Tobias

Monday Morning MGMT

Broker

21 deals

Broker
Edward Cohen

Edward Cohen

Verv Capital

Landlord

$20.2M

vol

9 deals

Landlord

Market 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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93