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
About this deal
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.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93