Knotel Leases 12683 Square Feet At 224 W 30th St New York Represented By Aziz Kabbaj And Jessica Tu
224 W 30th St, New York, NY, 10001
$52
$52/SF
Building Size
12,683 SF
Asset Type
Commercial
Closing
Nov 19, 2023
AI
The property involved in this lease transaction is located at 224 W 30th St, New York, NY, 10001. It spans an area of 12,683 square feet and the rent is set at $52 per square foot. The lease transaction took place in the New York market, highlighting the vibrant activity in the area.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 224 W 30th St, New York, NY, 10001
- Market: New York
- Tenant: Knotel
- Landlord: Subsidiary of Beijing Capital
- Tenant's Representatives: Aziz Kabbaj, Jessica Tu (CJ Net Inc.)
- Landlord's Representatives: John Broderick (Colliers International), Alison Miller (ABS Partners Real Estate), James Caseley (ABS Partners Real Estate), John Brod (ABS Partners Real Estate)
This lease involved key representatives from both sides, with the landlord represented by multiple agents from Colliers International and ABS Partners Real Estate, ensuring a comprehensive approach to the transaction. The tenant's representation was provided by professionals from CJ Net Inc., establishing a collaborative environment for this deal.
New York Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93