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12 E 79th St, New York, NY,...

Higher Ground Education Leases 16200 Square Feet At 12 E 79th St New York With Tenant's Rep Jordan Gosin
LEASEDSchool

Higher Ground Education Leases 16200 Square Feet At 12 E 79th St New York With Tenant's Rep Jordan Gosin

12 E 79th St, New York, NY, 10075

Building Size

16,200 SF

Asset Type

School

Closing

Sep 6, 2018

AI

The property is located at 12 E 79th St, New York, NY, 10075, within the New York market. It features a total area of 16,200 square feet and is associated with Higher Ground Education as the tenant and the School of Practical Philosophy as the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 12 E 79th St, New York, NY, 10075
  • Market: New York
  • Tenant: Higher Ground Education
  • Landlord: School of Practical Philosophy
  • Tenant's Representative: Jordan Gosin (Newmark)
  • Landlord's Representative: Daniel Douglas (The Corcoran Group)
  • Square Feet: 16,200

This transaction highlights the involvement of key representatives. Jordan Gosin from Newmark represents the interests of the tenant, while Daniel Douglas from The Corcoran Group represents the landlord in this lease deal.

Players

Jordan Gosin

Newmark

Broker

10 deals

Broker
HE
Higher Ground EducationTenant

New York School Market Snapshot

Boundary boundary · School · 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