facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

240 W 35th St, New York, NY...

Knotel Leases 27186 Square Feet At 240 W 35th St From ATCO Properties & Management
LEASEDOffice

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

Jamie Katcher

Brookfield Properties

Broker

14 deals

Broker
Knotel
KnotelBrokerage
ATCO Properties & Management
ATCO Properties & ManagementLandlord
Knotel
KnotelTenant

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