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
About this deal
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.
On the Map
Office
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Players
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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