Naif Pizza & Fries Corp Leases Retail Space In Chinatown, NYC
234 Canal Street, New York City, New York 10013, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
Nov 1, 2021
About this deal
AI
An 1,100 square-foot retail space located at 234 Canal St. in Chinatown has been leased. The deal was facilitated by broker Albert Halawani of KSR representing the tenant, Naif Pizza & Fries Corp. The landlord, Raber Enterprises, was represented by Jon Maimran.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $144/ft.
This transaction took place on November 1, 2021, with Albert Halawani of KSR playing a key role in securing the lease for Naif Pizza & Fries Corp. The retail space, located at 234 Canal St., is part of the vibrant market of Chinatown.
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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