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137 Varick St, New York, NY...

Knotel Leases 29171 Square Feet At 137 Varick St New York With Trinity Real Estate
LEASEDOffice

Knotel Leases 29171 Square Feet At 137 Varick St New York With Trinity Real Estate

137 Varick St, New York, NY, 10013

$45

$45/SF

Building Size

29,171 SF

Asset Type

Office

Closing

Aug 24, 2017

AI

The property involved in this lease transaction is located at 137 Varick St, New York, NY, 10013. The market for this property is New York, and it features a total square footage of 29,171. The rent per square foot for this property is set at $45.

Summary of transaction details:

The individuals involved in the transaction include Harrison Katzman, representing the tenant Knotel through Savitt Partners, and the representatives for the landlord Trinity Real Estate are Matthew Fox and John Franqui. These representatives played pivotal roles in facilitating the lease agreement for the property.

Players

Harrison Katzman

Savitt Partners

Broker

4 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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93