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373 - 381 Park Avenue South...

Knotel Leases 17464 Square Feet At 373-381 Park Avenue South From ATCO Properties & Management
LEASEDOffice

Knotel Leases 17464 Square Feet At 373-381 Park Avenue South From ATCO Properties & Management

373 - 381 Park Avenue South, New Yor...

$62

$62/SF

Building Size

17,464 SF

Asset Type

Office

Closing

Dec 8, 2017

AI

The property located at 373 - 381 Park Avenue South, New York, was leased with a total square footage of 17,464. The rent per square foot is set at $62. The landlord for this transaction is ATCO Properties & Management.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 373 - 381 Park Avenue South, New York
  • Tenant: Knotel
  • Tenant's Representative: Eugene Lee-Knotel
  • Landlord: ATCO Properties & Management
  • Rent/SF: $62
  • Square Feet: 17,464

Eugene Lee acts as the representative for the tenant, Knotel, in this lease transaction while ATCO Properties & Management represents the landlord. This lease agreement expands Knotel's operational footprint in New York.

Players

Eugene Lee

Knotel

Broker

1 deal

Broker
ATCO Properties & Management
ATCO Properties & ManagementBrokerage
ATCO Properties & Management
ATCO Properties & ManagementLandlord
Knotel
KnotelTenant

Market Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

255854.84%

Cash-on-Cash

-73124.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93