Sorin Medical Signs 15-Year Lease For Retail Space At 120 Wall Street
120 Wall Street, Manhattan, New York, NY, USA
Building Size
5,686 SF
Asset Type
Retail
Closing
Jul 9, 2021
About this deal
AI
Sorin Medical has signed a 15-year lease for the ground-floor retail space at 120 Wall Street in the Financial District. The space spans 5,686 square feet and is owned by Silverstein Properties. The asking rent for the space is $80 per square foot.
Summary of transaction details
- Property Type: Retail
- Address: 120 Wall Street, Financial District
- Tenant: Sorin Medical
- Landlord: Silverstein Properties
- Asking Rent: $80/ft.
- Square Footage: 5,686
- Term: 15-year lease
Jamie Weiner of Manhattes Group and Harlan Strader III of Silverstein Properties represented the landlord in the deal.
On the Map
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93