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
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