Social Adult Care Leases School In New York From Chera Realty Group
617 W 181st St, New York, NY, 10033
Building Size
14,859 SF
Asset Type
School
Closing
Sep 25, 2019
About this deal
AI
The school property located at 617 W 181st St, New York, NY, 10033, in the New York market, was leased on 09/25/2019. The asset, with a total square footage of 14,859, was leased by Social Adult Care with Steve Lorenzo from Lee & Associates representing the tenant. The landlord in this transaction was Chera Realty Group.
Summary of transaction details:
- Property Type: School
- Transaction Amount: Not Applicable
- Tenant: Social Adult Care
- Tenant's Representative: Steve Lorenzo (Lee & Associates)
- Landlord: Chera Realty Group
- Square Feet: 14,859
The deal's key individuals were Steve Lorenzo representing the tenant and the Chera Realty Group as the landlord. Social Adult Care secured this lease in the New York market for the school property, reflecting a significant transaction in the property leasing sector.
On the Map
School
View full map
Players
New York School Market Snapshot
Boundary boundary · School · Lease transactions
Loading comparables…
Deal FAQ
Browse New York school leases on Traded.
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