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255 Canal St New York, NY 1...

Demi Monde Leases 2,000 SF Office Space At 255 Canal Street, NY City
LEASEDOffice

Demi Monde Leases 2,000 SF Office Space At 255 Canal Street, NY City

255 Canal St New York, NY 10013, USA

$40

$40/SF

Building Size

2,000 SF

Asset Type

Office

Closing

May 24, 2023

AI

The leased property in this transaction is located at 255 Canal Street in New York City. It is an office space with a total area of approximately 2,000 square feet. The lease was signed between the landlord, Verv Capital represented by Edward Cohen, and the tenant, Demi Monde. The deal was facilitated by broker Morris Tobias from BH Realty Group. The asking rent for the office space was $40 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 255 Canal Street
  • Market: New York City
  • Landlord: Verv Capital - Edward Cohen
  • Tenant: Demi Monde
  • Broker: Morris Tobias - BH Realty Group
  • Asking Rent: $40 per square foot
  • Square Footage: 2,000

BH Realty Group, led by Morris Tobias, is a full-service residential and commercial brokerage known for their expertise in exclusive leasing and sales. They prioritize building strong relationships with their clients and provide guidance to property owners and developers on maximizing asset growth potential.

Please note that if you are interested in leasing office space in New York, you can contact Morris Tobias at [email protected]. Additionally, owners can email [email protected] to avail complimentary services such as market updates, comp/pricing reports, and construction/renovation consultations. Brokers looking to enhance their real estate skills and work with exclusive listings can also reach out to [email protected] for 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

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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93