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
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