Top-ranked Equity Project Charter School (TEP) and Regent Associates has signed a long-term lease in Washington Heights to expand its program to kindergarten and first grade.
Founded by Yale graduate and former teacher Zeke Vanderhook in 2009, the school provides disadvantaged students with access to outstanding teachers who collect a $125,000 a year salary via a funding reallocation.
The school, which was ranked as the #1 independent (non-network) charter middle school in 2013, currently operates a 480-seat 5th through 8th grade middle school from a group of trailers located on the campus of George Washington High School on Audubon Avenue and is in the throes constructing a new six-story 62,000 s/f campus on Sherman Avenue.
Matthew Gorman and Joshua Gettler of New Street Realty Advisors, LLC acted on behalf of TEP in its long-term lease for 20,000 s/f at 4280-98 Broadway in Washington Heights.
The school will take occupancy of the entire second floor of the building, which is located on the east side of Broadway between West 182nd Street and West 183rd Street.
TEP will be utilizing the space for its kindergarten and first grade students, and anticipates a September 2016 opening.
“As brokers, it is always an added bonus when we complete deals that we know are going to the greater good of the community,” said Gettler. “ TEP operates an amazing school and they will be a great addition to the Washington Heights neighborhood.”
