New York School Of The Arts Leases 8619 SF At 315 E 62nd St From Olmstead Properties
315 E 62nd St, New York, NY, 10065
$62
$62/SF
Building Size
8,619 SF
Asset Type
School
Closing
Oct 4, 2017
AI
The property located at 315 E 62nd St, New York, NY, 10065 encompasses a total of 8,619 square feet. It is situated in the New York market and has a rent rate of $62 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 315 E 62nd St, New York, NY, 10065
- Market: New York
- Tenant: New York School of the Arts
- Landlord: Olmstead Properties
- Tenant's Representative: Kenneth Salzman (Lee & Associates NYC)
This lease involved multiple key parties. The tenant, New York School of the Arts, entered into the agreement with landlord Olmstead Properties, with negotiations facilitated by tenant's representative Kenneth Salzman from Lee & Associates NYC.
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
255854.84%
Cash-on-Cash
-73124.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93