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120 Wall St, New York, NY, ...

Excess Line Association Of New York Leases 14476 Square Feet At 120 Wall St New York
LEASEDOffice

Excess Line Association Of New York Leases 14476 Square Feet At 120 Wall St New York

120 Wall St, New York, NY, 10005

Building Size

14,476 SF

Asset Type

Office

Closing

Aug 15, 2019

AI

The property asset involved in the transaction is located at 120 Wall St, New York, NY, 10005. This lease transaction is situated in the New York market and encompasses a total of 14,476 square feet. The tenant in this deal is the Excess Line Association of New York, while the landlord is Silverstein Properties.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 120 Wall St, New York, NY, 10005
  • Market: New York
  • Square Feet: 14,476
  • Tenant: Excess Line Association of New York
  • Landlord: Silverstein Properties
  • Tenant's Rep: Adam Leshowitz (CBRE)

The key individuals involved in this transaction include Adam Leshowitz who represents the tenant, Excess Line Association of New York, through CBRE. The lease was finalized with Silverstein Properties acting as the landlord in the deal.

Players

Richard Levine

Berkadia

Broker

$42.9M

vol

3 deals

Broker
Silverstein Properties
Silverstein PropertiesLandlord

New York Office Market Snapshot

Boundary boundary · Office · 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