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

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

$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:

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.

Players

Aziz Kabbaj

Broker

$227M

vol

8 deals

Broker
Knotel
KnotelBrokerage
Knotel
KnotelTenant

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