TF Cornerstone Leases Retail Space To Solerum At 2 Gold Street For $105/ft Lease
2 Gold Street
$105
$105/SF
Building Size
5,051 SF
Asset Type
Retail
Closing
Jul 15, 2026
AI
The property asset involved is located at 2 Gold Street in the Financial District. This retail lease transaction encompasses a space measuring 5,051 square feet with an asking rent of $105 per square foot, secured for a term of 20 years.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $105/ft
- Lease Term: 20 Years
- Landlord: TF Cornerstone
- Tenant: Solerum
- Landlord's Representative: Thomas Galo, Daniyel Cohen & Steven E. Baker - RTL Real Estate
- Tenant's Representative: Manu Wendum & John DiGangi - Retail By Mona
This transaction highlights the involvement of key individuals in the leasing process. Thomas Galo, Daniyel Cohen, and Steven E. Baker represent the landlord, TF Cornerstone, while the tenant, Solerum, is represented by Manu Wendum and John DiGangi from Retail By Mona.
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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93