Knotel Leases 6400 Square Feet At 597 5th Ave New York Represented By Avison Young
597 5th Ave, New York, NY, 10017
Building Size
6,400 SF
Asset Type
Office
Closing
May 23, 2019
About this deal
AI
The property involved in this transaction is located at 597 5th Ave, New York, NY, 10017. It spans a total of 6,400 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: Knotel
- Landlord: Thor Equities
- Landlord's Representatives: Adam Lavinsky (Thor Equities), Dominic Perkovic (Avison Young)
- Broker: Arthur Mirante (Avison Young), Aziz Kabbaj
This lease transaction involved key representatives from Thor Equities and Avison Young, highlighting the collaborative efforts in facilitating the deal. Adam Lavinsky and Dominic Perkovic represented the landlord, while Arthur Mirante and Aziz Kabbaj played significant roles in brokering the lease agreement.
On the Map
Office
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Players
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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