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825 7th Ave, New York, NY, ...

Simon Landmann Of JLL Represents Tenant In School Lease In New York
LEASEDSchool

Simon Landmann Of JLL Represents Tenant In School Lease In New York

825 7th Ave, New York, NY, 10019

Building Size

76,861 SF

Asset Type

School

Closing

Sep 27, 2021

AI

The school located at 825 7th Ave, New York, NY, 10019, spanning 76,861 square feet, was leased on September 27, 2021. The landlord, Edward J. Minskoff Equities, facilitated the lease agreement with the tenant's representative, Simon Landmann from JLL, in the New York market.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: Not Applicable
  • Address: 825 7th Ave, New York, NY, 10019
  • Market: New York
  • Tenant's Rep: Simon Landmann (JLL)
  • Landlord: Edward J. Minskoff Equities
  • Square Feet: 76,861

The lease agreement for the school at 825 7th Ave was brokered by Simon Landmann of JLL on behalf of the tenant, with Edward J. Minskoff Equities serving as the landlord. The transaction reflects the ongoing real estate activity in the New York market, showcasing the collaborative efforts of the involved parties in finalizing the lease of this educational asset.

Players

Simon Landmann

JLL

Broker

11 deals

Broker
E
EquitiesLandlord

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