Knotel Leases 27186 Square Feet At 240 W 35th St From ATCO Properties & Management
240 W 35th St, New York, NY, 10001
Building Size
27,186 SF
Asset Type
Office
Closing
Sep 16, 2019
AI
The property involved in this transaction is located at 240 W 35th St, New York, NY, 10001. This lease covers a space with a total area of 27,186 square feet in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 27,186
- Address: 240 W 35th St, New York, NY, 10001
- Tenant: Knotel
- Landlord: ATCO Properties & Management
- Tenant's Representatives: Douglas Regal - Cushman & Wakefield, Jamie Katcher
The deal features representatives from Cushman & Wakefield, Douglas Regal and Jamie Katcher, who facilitated the leasing process for the tenant, Knotel, while working with the landlord ATCO Properties & Management.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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