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570 Fashion Ave, New York, ...

LEASEDRetail

Knotel Leases 8780 Square Feet At 570 Fashion Ave New York Represented By Jordan Weiss And Eric Cagner

570 Fashion Ave, New York, NY, 10018

Building Size

8,780 SF

Asset Type

Retail

Closing

Sep 26, 2018

AI

The property asset involved in the transaction is located at 570 Fashion Ave, New York, NY, 10018, in the New York market. This lease involves a total square footage of 8,780, with Knote as the tenant and AR Global as the landlord.

Summary of transaction details:

The deal involves multiple representatives, with Jordan Weiss and John Mambrino from Savills representing the tenant, Knotel. The landlord, AR Global, is represented by Eric Cagner from Newmark and Harry Blair. This collaborative representation involves various professionals ensuring the lease process is executed effectively.

Players

Eric Cagner

Newmark

Broker

27 deals

Broker
CBRE
CBREBrokerage
Knotel
KnotelBrokerage
Knotel
KnotelTenant

New York Retail Market Snapshot

Boundary boundary · Retail · 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