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110 William St, New York, N...

Knotel Leases 80650 Square Feet At 110 William St New York With KBS Capital Advisors
LEASEDOffice

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.

Players

Stephany Oliveros Hallstein

Compass

Broker

$945K

vol

7 deals

Broker
Knotel
KnotelBrokerage
Knotel
KnotelTenant

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