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224 W 30th St, New York, NY...

Updated Dec 4, 2024

Knotel Leases 12683 Square Feet At 224 W 30th St New York Represented By Aziz Kabbaj And Jessica Tu
LEASEDCommercial

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

Building Size

12,683 SF

Asset Type

Commercial

Closing

Nov 19, 2023

About this deal

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:

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.

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Players

Aziz Kabbaj

Broker

$227M

vol

8 deals

Broker
Knotel
KnotelBrokerage
Knotel
KnotelTenant
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New York Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

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Deal FAQ

About $52 per square foot for 12,683 square feet (2023).

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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

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