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
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