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
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