Knotel Leases 23464 Square Feet At 584 Broadway New York With Elie Reiss As Tenant's Rep
584 Broadway, New York, NY, 10012
Building Size
23,464 SF
Asset Type
Office
Closing
Jan 25, 2018
About this deal
AI
The property involved in this lease transaction is located at 584 Broadway, New York, NY, 10012. It encompasses a total of 23,464 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not provided
- Address: 584 Broadway, New York, NY, 10012
- Square Feet: 23,464
- Tenant: Knotel
- Landlord: Olmstead Properties
- Tenant's Representative: Elie Reiss - Skylight Leasing
This transaction highlights the involvement of key representatives, with Elie Reiss acting on behalf of the tenant, Knotel. The landlord, Olmstead Properties, plays an essential role in this lease agreement.
On the Map
Office
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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