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313 W 125th St, New York, N...

Colliers International Represents School Lease At 313 W 125th St, New York
LEASEDSchool

Colliers International Represents School Lease At 313 W 125th St, New York

313 W 125th St, New York, NY, 10027

$50

$50/SF

Building Size

21,684 SF

Asset Type

School

Closing

May 24, 2016

AI

The property located at 313 W 125th St, New York, NY, 10027, in New York, is a school spanning 21,684 square feet. The lease agreement for this asset was completed on May 24, 2016, with Real Estate Equities Corporation as the landlord, leasing the space to an undisclosed tenant at a rate of $50 per square foot.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: Not specified
  • Tenant's Representative: Sheena Gohil (Colliers International), Steven (Steve) Jaray (Colliers International)
  • Landlord: Real Estate Equities Corporation
  • Rent/SF: $50
  • Square Feet: 21,684

The deal involved Sheena Gohil and Steven (Steve) Jaray from Colliers International as the tenant's representatives. Real Estate Equities Corporation acted as the landlord in this lease agreement, showcasing a collaborative effort between the two parties to finalize the transaction.

Players

Sheena Gohil

Colliers

Broker

11 deals

Broker
RC
Real Estate Equities CorporationLandlord

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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93