Canada NYC Leases Retail Space At 302 Canal Street In TriBeCa
302 Canal Street, New York, NY 10013, USA
Building Size
1,128 SF
Asset Type
Retail
Closing
Nov 1, 2021
About this deal
AI
A retail space located at 302 Canal Street in TriBeCa has been leased. The property, measuring approximately 1,128 square feet, was leased by Canada NYC, an art gallery. The lease was facilitated by Ben Biberaj of Meridian Retail Leasing, representing the tenant. The landlord, Hildreth Advisors, agreed to an asking rent of $180 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 302 Canal Street
- Market: TriBeCa
This lease transaction was arranged by Ben Biberaj from Meridian Retail Leasing, who represented Canada NYC, the tenant. Hildreth Advisors served as the landlord in this deal. The leased retail space offers approximately 1,128 square feet of space in a prime location at 302 Canal Street, TriBeCa. The agreed-upon rent for the space was set at $180 per square foot.
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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