facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

School

/

Lease

/

52 Broadway, New York, NY, ...

The King’s College Leases 52542 Square Feet At 52 Broadway From United Federation Of Teachers
LEASEDSchool

The King’s College Leases 52542 Square Feet At 52 Broadway From United Federation Of Teachers

52 Broadway, New York, NY, 10004

Building Size

52,542 SF

Asset Type

School

Closing

Jan 26, 2023

AI

The property involved in this lease transaction is located at 52 Broadway, New York, NY, 10004, within the New York market. The leased space encompasses a total area of 52,542 square feet. The landlord of the property is the United Federation of Teachers.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Tenant: The King’s College
  • Landlord: United Federation of Teachers
  • Tenant's Representative: Joseph Armano
  • Square Feet: 52,542

The transaction features key individuals, including Joseph Armano, who represents The King’s College in this lease agreement. The United Federation of Teachers is managing the leasing aspect of the property, ensuring that the tenant's needs are met.

Players

Joseph Armano

Broker

4 deals

Broker

New York School Market Snapshot

Boundary boundary · School · Lease transactions

Loading comparables…

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