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208 E 44th St, New York, NY...

Knotel Leases 28873 Square Feet At 208 E 44th St New York With Clarion Partners
LEASEDOffice

Knotel Leases 28873 Square Feet At 208 E 44th St New York With Clarion Partners

208 E 44th St, New York, NY, 10017

Building Size

28,873 SF

Asset Type

Office

Closing

Jan 24, 2019

AI

The property involved in this transaction is located at 208 E 44th St, New York, NY, 10017. This lease transaction encompasses a total of 28,873 square feet and takes place within the New York market.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 208 E 44th St, New York, NY, 10017
  • Tenant: Knotel
  • Landlord: Clarion Partners
  • Tenant's Representative: John Pavone - Colliers International
  • Landlord's Representative: Henry Fuentes - Avison Young

This transaction highlights the roles of key representatives, with John Pavone from Colliers International representing the tenant, Knotel, while Henry Fuentes from Avison Young represents the landlord, Clarion Partners.

Players

Henry Fuentes

EXP Realty

Broker

2 deals

Broker
Newmark
NewmarkBrokerage
Knotel
KnotelBrokerage
Clarion Partners
Clarion PartnersLender
Clarion Partners
Clarion PartnersLandlord
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