Kira Learning Leases 16100 Sq. Ft. Office Space At 11 Park Place From Stahl Organization
11 Park Place
Building Size
—
Asset Type
Office
Closing
Jan 28, 2026
AI
The property asset involved in the transaction is located at 11 Park Place in Manhattan, specifically accommodating office space. The total square footage leased is 16,100 sq. ft., which includes the 19th and 20th floors, designated as the New York City headquarters for Kira Learning.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 11 Park Place
- Market: Manhattan
- Landlord: Stahl Organization
- Tenant: Andrea Pasinetti - Kira Learning
- Broker: Robert Getreu & Michael Berger - Colliers
The lease for the property was signed by Kira Learning, which is represented by Andrea Pasinetti. The transaction was brokered by Colliers, with Robert Getreu and Michael Berger representing the landlord, Stahl Organization, in this deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · 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