Church Street School For Music And Art Leases Development Site In New York
41 White St, New York, NY, 10013
Building Size
8,000 SF
Asset Type
Development Site
Closing
Nov 22, 2023
AI
The development site located at 41 White St, New York, NY, 10013 is 8000 square feet and was leased by Church Street School for Music and Art. The landlord in this transaction was Benchmark Real Estate Group, with the tenant represented by Peter Braus from Lee & Associates.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not Applicable
- Tenant: Church Street School for Music and Art
- Landlord: Benchmark Real Estate Group
- Tenant's Rep: Peter Braus (Lee & Associates)
- Address: 41 White St, New York, NY, 10013
- Market: New York
- Square Feet: 8000
This lease deal involved the Church Street School for Music and Art as the tenant and the Benchmark Real Estate Group as the landlord. The tenant was represented by Peter Braus from Lee & Associates, showcasing the collaboration between key individuals and companies in the New York real estate market.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · 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