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
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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