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
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