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302 Canal Street

Canada NYC Leases Second Floor Office Space At 302 Canal St In New York
LEASEDRetail

Canada NYC Leases Second Floor Office Space At 302 Canal St In New York

302 Canal Street

$60

$60/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Oct 25, 2022

AI

The leased property at 302 Canal St – Second floor in New York has been finalized in a transaction involving Canada NYC. The office space, spanning approximately 1,200 square feet, was leased for an asking rent of $60 per square foot. The deal was facilitated by Ben Biberaj and Ben Howard from Meridian Capital Group.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Leased for $60/ft
  • Address: 302 Canal St – Second floor, New York
  • Tenant: Canada NYC
  • Brokers: Ben Biberaj & Ben Howard – Meridian Capital Group

The involvement of Ben Biberaj and Ben Howard from Meridian Capital Group as the brokers highlights their role in representing Canada NYC in the lease agreement. Their expertise and negotiation skills were instrumental in finalizing the deal for the office space at 302 Canal St. This transaction demonstrates the demand for commercial real estate in New York's market.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93