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
New York Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Lease transactions
Loading comparables…
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