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
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