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517 West 164th Street

Zeta Charter Schools Leases 35,000 Sq Ft At 517 West 164th Street In Washington Heights
LEASEDSpecial Purpose

Zeta Charter Schools Leases 35,000 Sq Ft At 517 West 164th Street In Washington Heights

517 West 164th Street

Building Size

35,000 SF

Asset Type

Special Purpose

Closing

Jan 29, 2026

AI

The property asset involved in the transaction is a special purpose facility located at 517 West 164th Street, in the Washington Heights neighborhood. The lease encompasses a total square footage of 35,000 square feet, with the landlord being the Archdiocese of New York.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: Not specified
  • Address: 517 West 164th Street
  • Market: Washington Heights
  • Landlord: Archdiocese of New York
  • Tenant: Emily Kim - Zeta Charter Schools
  • Brokers: Lindsay Ornstein & Alexander Smith - OPEN Impact Real Estate
  • Lease Duration: Two years
  • Opening Date: August, with ninth-grade students

The deal features key individuals including Emily Kim, representing Zeta Charter Schools, which has signed a lease for the new high school. The brokers for the transaction are Lindsay Ornstein and Alexander Smith from OPEN Impact Real Estate, facilitating the lease agreement.

Players

Lindsay Ornstein

OPEN Impact Real Estate

Broker

$54.6M

vol

11 deals

Broker
Emily Kim

Emily Kim

Zeta Charter Schools

Tenant

1 deal

Tenant

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