Updated Oct 28, 2024
Browning School Leases Industrial Space In Lenox Hill, NYC
337 East 64th Street, New York City, New York 10065, United States
Building Size
46,210 SF
Asset Type
Industrial
Closing
Sep 8, 2022
About this deal
AI
An industrial property located at 337 East 64th Street in the Lenox Hill market has been leased. The tenant, Browning School, will occupy the space, represented by John Botti. The landlord, Chapman Group, is represented by Patrick Milner. The lease terms for the property are for a 99-year lease. The asking rent for the 46,210 square feet of space is $396 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 337 East 64th Street
- Market: Lenox Hill
John Botti from the Browning School and Patrick Milner from the Chapman Group played key roles in this lease deal.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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