LEASEDRetail
SportsLab NYC Signs 15-Year Lease For Retail Space At 63 Wall Street In Financial District
63 Wall Street
Building Size
7,323 SF
Asset Type
Retail
Closing
May 30, 2025
AI
The retail asset involved in this transaction is located at 63 Wall Street, in the Financial District, encompassing a total area of 7,323 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 63 Wall Street
- Market: Financial District
- Landlord: Bill Walton & Keith Gelb - Rockpoint; Andrew MacArthur - The Brooksville Company
- Tenant: David Janik & Nazeer Ali - SportsLab NYC
- Landlord's Representative: Brandon Berger & Matthew Fogel & Zach Nathan - Kassin Sabbagh Realty
- Tenant's Representative: Joshua Stein - Norman Bobrow & Company
SportsLab NYC has signed a 15-year lease at this location, expanding from its previous base in Midtown with an anticipated, but undated, opening timeline.
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