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:
- Property Type: Lease
- Transaction Amount: $1,311,195
- Address: 137 Varick St, New York, NY, 10013
- Market: New York
- Tenant: Knotel
- Landlord: Trinity Real Estate
- Tenant's Rep: Harrison Katzman-Savitt Partners
- Landlord's Reps: Matthew Fox-Trinity Real Estate, John Franqui-Trinity Real Estate
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
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