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1407 Broadway, New York, NY...

Knotel Leases 27404 Square Feet From GoDaddy At 1407 Broadway New York
LEASEDOffice

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:

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

Dennis Someck

Lee & Associates

Broker

26 deals

Broker
Knotel
KnotelBrokerage
GoDaddy
GoDaddyLandlord
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