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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93