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8/7/2019 198 Varet Street Setup Flyer
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8/7/2019 198 Varet Street Setup Flyer
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8/7/2019 198 Varet Street Setup Flyer
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60 Broadway
198 Varet Street198 Varet StreetWilliamsburg Charter High School BuildingWilliamsburg Charter High School Building For SaleFor Sale
Lease Commencement March 30, 2009
Lease Term 30 Years
Actual PPM $191,667
Annual Rent (Years 1-2) $2,300,000
Annual Rent (Years 3-5) $2,600,000
Escalations (Years 6-30) 3% per year
Security Deposit $1,500,000
Lease Guarantee $1,300,000
Utilities Tenant's Expense
Water/Sewer Tenant's Expense
Interior Maintenance & Repair Tenant 's Expense
R.E. Taxes Tenant's Expense
Exterior Maintenance Landlord's Expense
Expenses
Notes: Landlord shall be responsible for the maintenance of the facade and roof . Tenant is to maintain
all mechanical systems and undertake all interior repairs. America's Charter School Finance Corporation
provides a guarentee on the lease up to $1,300,000 per year. More details about the lease and
guarentee are provided in the marketing book.
Lease Abstract for The Williamsburg Charter High School
Mark L. Lively ~ 718.307.6524
205 Montague Street Third Floor Brooklyn, NY 11201 718.238-8999 Fax 718.238.6091www.masseyknakal.com
THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
Asking Price : $30,000,000Asking Price : $30,000,000 ($260 psf or 7.5% CAP)($260 psf or 7.5% CAP)For Additional Information, Please Contact Exclusive Sales Agents:
Brendan T. Maddigan ~ 718.307.6507
Douglas DiSesa ~ 718.307.6554
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate tThe value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the t ax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
8/7/2019 198 Varet Street Setup Flyer
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