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
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