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
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