Knotel Leases 40050 Square Feet At 105 Madison Ave New York Through Tenant's Rep Elie Reiss
105 Madison Ave, New York, NY, 10016
Building Size
40,050 SF
Asset Type
Other
Closing
May 23, 2018
AI
The property involved in this transaction is located at 105 Madison Ave, New York, NY, 10016, within the New York market. The lease covers a total area of 40,050 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Knotel
- Landlord: A&R Real Estate Inc.
- Tenant's Representative: Elie Reiss from Skylight Leasing
- Landlord's Representative: Brett Rovner from The Ashtin Group
Elie Reiss represents the interests of the tenant, Knotel, while Brett Rovner represents A&R Real Estate Inc., the landlord. This collaboration facilitated the lease agreement between the two parties.
New York Other Market Snapshot
Boundary boundary · Other · 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