Knotel Leases 80650 Square Feet At 110 William St New York With KBS Capital Advisors
110 William St, New York, NY, 10038
Building Size
80,650 SF
Asset Type
Office
Closing
May 2, 2019
AI
The property involved in this lease transaction is located at 110 William St, New York, NY, within the New York market. The leased space encompasses 80,650 square feet and is part of the portfolio managed by KBS Capital Advisors.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 110 William St, New York, NY, 10038
- Tenant: Knotel
- Landlord: KBS Capital Advisors
- Tenant's Representative: Gregory DiGioia - Newmark, Knight Frank
- Landlord's Representative: Stephany Oliveros Hallstein - Compass
The lease agreement marks a strategic alignment between Knotel as the tenant and KBS Capital Advisors as the landlord, facilitated by representatives from Newmark, Knight Frank, and Compass. Key individuals involved include Gregory DiGioia representing the tenant and Stephany Oliveros Hallstein representing the landlord.
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93