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30 Wall St, New York, NY, 1...

WeWork Leases Retail Space At 30 Wall St, New York For 55,000 Sq Ft
LEASEDRetail

WeWork Leases Retail Space At 30 Wall St, New York For 55,000 Sq Ft

30 Wall St, New York, NY, 10005

Building Size

55,000 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

Located at 30 Wall St, New York, NY, 10005, this retail property spans 55,000 square feet. The landlord, Atlantic 30 Wall, facilitated a lease agreement with the tenant, WeWork. Ruth Colp-Haber from Wharton Property Advisors represented the landlord in this transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Provided
  • Market: New York

WeWork, a prominent tenant, finalized a lease agreement with Atlantic 30 Wall for the retail property at 30 Wall St, New York. Ruth Colp-Haber from Wharton Property Advisors acted as the landlord's representative in this deal, marking a significant transaction in the New York market.

Players

Ruth Colp-Haber

Wharton Property Advisors

Broker

2 deals

Broker
WeWork
WeWorkTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93