Knotel Leases 27404 Square Feet From GoDaddy At 1407 Broadway New York
1407 Broadway, New York, NY, 10018
Building Size
27,404 SF
Asset Type
Office
Closing
Apr 9, 2019
AI
The property involved in this transaction is located at 1407 Broadway, New York, NY, 10018. This lease encompasses a total of 27,404 square feet in the New York market. The landlord of the property is GoDaddy.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1407 Broadway, New York, NY, 10018
- Market: New York
- Tenant: Knotel
- Landlord: GoDaddy
- Tenant's Representative: John Pavone (Colliers International)
- Landlord's Representatives: Justin Myers (Lee & Associates), Dennis Someck (Lee & Associates), Jon Wheless (AQUILA Commercial)
- Broker: Chris Perry (Aquila Commercial)
This transaction highlights the roles of key individuals, including John Pavone representing Knotel and the three representatives from Lee & Associates alongside Jon Wheless from AQUILA Commercial representing GoDaddy. The coordination among these parties facilitated the lease agreement for the specified property size.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93