Sorin Medical Signs 15-Year Lease For Retail Space At 120 Wall Street
120 Wall Street, Manhattan, New York, NY, USA
$80
$80/SF
Building Size
5,686 SF
Asset Type
Retail
Closing
Jul 9, 2021
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.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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