Kira Learning Leases Office Space At 11 Park Place In Financial District For $55/ft
11 Park Place
$55
$55/SF
Building Size
16,108 SF
Asset Type
Office
Closing
Dec 14, 2025
AI
The property asset involved in this transaction is an office space located at 11 Park Place within the Financial District. The asset encompasses a total of 16,108 square feet and is leased under a Modified Gross Lease at an asking rent of $55 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $55/ft
- Address: 11 Park Place
- Market: Financial District
- Tenant: Kira Learning
- Lease Type: Modified Gross Lease
- Tenant's Representatives: Alex Fleischman, Thomas Capuano & Christopher Okada - Okada & Company
The deal includes representation by Alex Fleischman, Thomas Capuano, and Christopher Okada who act on behalf of Kira Learning through their agency, Okada & Company, highlighting their involvement in securing the lease for this office space.
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93