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Hawthorne Country Day School Leases 34,076 SF Space In Woolworth Building, TriBeCa

Property Image
LEASED
$49
Josef Yadgarov
Todd Hershman
+ 2

New York

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School34,076 SF
Leased 11/28/2023
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Property Image
LEASED

Hawthorne Country Day School Leases 34,076 SF Space In Woolworth Building, TriBeCa

233 Broadway

See Similar Deals
School34,076 SF
Leased 11/28/2023
Josef Yadgarov
Todd Hershman
+ 2
Contact now

Summary

NEW YORK
Asset Type:School
Price Per Square Foot:$49
Total Square Footage:34,076 SF
Transaction Type:Lease

The Hawthorne Country Day School, a specialized educational facility for children on the autism spectrum, has secured a 34,076-square-foot space in the iconic Woolworth Building located at 233 Broadway in TriBeCa. The school has signed a 15-year lease for its new campus, in a deal facilitated by the landlords, Steven Witkoff of the Witkoff Group and Cammeby’s International.

Summary of transaction details

The deal was spearheaded by the tenant's representatives, Alexander Kesseler, Howard Kesseler, and Todd Hershman of Newmark. The landlord's representatives, David Ofman of The Lawrence Group and Josef Yadgarov of The Corcoran Group, also played a pivotal role in the transaction. This lease agreement allows the Hawthorne Country Day School to establish a new campus in a prestigious location, providing an optimal environment for their specialized programs and services.

Players

Josef Yadgarov
4 deals
BROKER

Howard Kesseler
Newmark
11 deals$37.3M volume
BROKER

Todd Hershman
Newmark
6 deals$37.3M volume(212) 359-8520
BROKER



Cammeby’s International Group
LANDLORD

Details

LEASED
IMAGE: Steven Witkoff, Alexander Kesseler, David Ofman, Howard Kesseler, Josef Yadgarov & Todd Hershman DATE: 11/28/2023 ADDRESS: 233 Broadway MARKET: TriBeCa ASSET TYPE: School LANDLORD: Steven Witkoff - Witkoff Group & Cammeby’s International TENANT: Hawthorne Country Day School LANDLORD'S REP: David Ofman - The Lawrence Group & Josef Yadgarov - The Corcoran Group (@TheCorcoranGroup) TENANT'S REP: Alexander Kesseler, Howard Kesseler & Todd Hershman - Newmark (@Newmark) ASKING RENT: $49/ft ~ SF: 34,076 LEASE TERM: 15-year NOTE: Hawthorne Country Day School, catering to children on the autism spectrum, has secured a 34,076-square-foot space in New York's iconic Woolworth Building on a 15-year lease for its new campus.

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Deal Type
Effective Rent (Annual)

$1,914,151.44

Total Lease Value

$19,141,514.42

Net Landlord Cash Flow$1,914,151.44