Knotel Leases 14000 Square Feet At 521 Broadway New York Represented By Elie Reiss
521 Broadway, New York, NY, 10012
Building Size
14,000 SF
Asset Type
Office
Closing
Jan 30, 2018
AI
The property involved in the transaction is located at 521 Broadway, New York, NY, 10012. This lease transaction encompasses a total area of 14,000 square feet in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 521 Broadway, New York, NY, 10012
- Market: New York
- Tenant: Knotel
- Landlord: Rumpf
- Tenant's Representative: Elie Reiss - Skylight Leasing
In this transaction, Elie Reiss from Skylight Leasing represents the tenant, Knotel, while the landlord in this deal is Rumpf. The interaction highlights the involvement of key players in the leasing process without reiterating previously mentioned details.
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