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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 570 Fashion Ave, New York, NY, 10018
- Market: New York
- Tenant: Knotel
- Landlord: AR Global
- Square Feet: 8,780
- Tenant's Representatives: Jordan Weiss - Savills, Kevin Kennelly - JRT Realty Group, Gregory Smith, John Mambrino - Savills
- Landlord's Representatives: Eric Cagner - Newmark, Harry Blair
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.
On the Map
Retail
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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