Paramount Gifts Inc Leases Retail Space At 219 Canal Street Manhattan For $90/ft
219 Canal Street
$70
$70/SF
Building Size
4,445 SF
Asset Type
Retail
Closing
Aug 31, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 219 Canal Street in Manhattan. The space encompasses a total of 4,445 square feet and is leased at an asking rent of $90 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Square Footage: 4,445
- Address: 219 Canal Street
- Market: Manhattan
- Landlord: Jerry Pi & Grace Wu
- Landlord's Representative: James Famularo, Max Freudenberger & Noam Aziz
- Tenant: Paramount Gifts Inc
- Lease Type: Retail Lease
The deal includes representation from James Famularo, Max Freudenberger, and Noam Aziz of Meridian Capital Group, who acted on behalf of the landlords in this lease arrangement with Paramount Gifts Inc. This transaction was completed on August 31, 2026.
On the Map
$70
$70/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit James Famularo to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93