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307 East 63rd Street

The Goddard School Leases 15461 SF At 307 East 63rd Street In Upper East Side
LEASEDSpecial Purpose

The Goddard School Leases 15461 SF At 307 East 63rd Street In Upper East Side

307 East 63rd Street

Building Size

15,461 SF

Asset Type

Special Purpose

Closing

May 6, 2025

AI

The property involved in this transaction is located at 307 East 63rd Street in the Upper East Side market. It is a special purpose asset with a total square footage of 15,461. The landlord of the property is Albert Kalimian.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: Not specified
  • Address: 307 East 63rd Street
  • Market: Upper East Side
  • Landlord: Albert Kalimian
  • Tenant: Darin Harris - The Goddard School
  • Brokers: Jack Senske, Sheena Gohil & Jennifer Flores - Colliers
  • Lease Duration: 15 years
  • Tenant's Location Count in NYC: 7
  • Tenant's Upper East Side Campus: 2

The Goddard School has entered into a lease agreement with a duration of 15 years, securing its second campus in the Upper East Side and expanding its presence to a total of seven locations within New York City. The brokers facilitating this transaction are Jack Senske, Sheena Gohil, and Jennifer Flores, representing Colliers.

Players

Sheena Gohil

Colliers

Broker

11 deals

Broker

Albert Kalimian

Landlord

$760.5M

vol

13 deals

Landlord

New York Special Purpose Market Snapshot

Boundary boundary · Special Purpose · 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