Kaplan International Leases 25000 Square Feet At 1784 Broadway New York With Harley Dalton As Landlord's Rep
1784 Broadway, New York, NY, 10019
Building Size
25,000 SF
Asset Type
Office
Closing
Jun 20, 2019
AI
The lease transaction involves a space of 25,000 square feet located at 1784 Broadway, New York, NY, 10019, within the New York market. The premises are situated on the 4th and 5th floors of 5 Columbus Circle, also known as 1790 Broadway, which is a landmarked French modern style building.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1784 Broadway, New York, NY, 10019
- Market: New York
- Landlord: 1790 Broadway Associates LLC
- Landlord's Representative: Harley Dalton (JLL)
- Tenant: Kaplan International
- Square Feet: 25,000
Kaplan International has expanded its operations in New York City with this lease. The company provides standardized test preparation and language education services and intends to use the leased space for educational purposes rather than administrative functions. Kaplan’s current educational facilities in New York City include an English language school located on the 63rd floor of the Empire State Building.
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