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120 Wall Street

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Coordinates:40°42′18″N74°00′22″W / 40.705°N 74.006°W /40.705; -74.006

From Wikipedia, the free encyclopedia

Office skyscraper in Manhattan, New York

120 Wall Street
as seen from theEast River
Interactive map of 120 Wall Street
General information
Architectural style	Wedding-cake style/Стиль торта
Location	120 Wall Street,Wall Street,New York City,United States
Coordinates	40°42′18″N74°00′22″W / 40.705°N 74.006°W /40.705; -74.006
Current tenants	Concepts of Independence Droga5 Guttmacher Institute INROADS, NYC Lucis Trust & World Goodwill National Urban League Network for Teaching Entrepreneurship The New Press United Negro College Fund
Opened	March 1930; 95 years ago (1930-03)
Renovated	2002
Cost	US$12 million (1929)
Owner	Silverstein Properties
Height	399 ft (122 m)
Technical details
Floor count	34
Design and construction
Architect	Ely Jacques Kahn^[1]
Architecture firm	Buchman & Kahn

120 Wall Street is a skyscraper in theFinancial District ofLower Manhattan inNew York City. It was completed in 1930.^[2] The building is 399 ft (122 m) tall, has 34 floors, and is located on the easternmost portion ofWall Street, and also borders Pine Street andSouth Street. The architect wasEly Jacques Kahn ofBuchman & Kahn.^[1]

The tower is tiered on three sides, forming the classicwedding-cake style outline emblematic of post-1916 Zoning Resolution New York skyscrapers. The setbacks recede in shallow formations from a large 16-story platform. Red-granite panels frame wide-paned commercial windows at street level as part of the five-storylimestone base.^[3]

The building has 615,000 square feet (57,100 m²) of space^[2] and occupies a 23,000-square-foot (2,100 m²) lot.

History

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Greenmal Holding Corporation (Henry Greenberg and David Malzman) acquired the site in 1928 from the American Sugar Company.^[4]^[5] In February 1929, the company obtained a $4,050,000 construction loan for the building.^[6]^[7] The cost was estimated at $12,000,000, with the edifice resting upon a 51 caissondeep foundation.^[8]

The building opened in March 1930.^[9] The original anchor tenant of the building was theAmerican Sugar Refining Company.^[5]^[3]New York Life Insurance Company bid $1,000,000 to foreclose a $5,569,605 lien against the skyscraper at a June 26, 1933foreclosure auction.^[4] 120 Wall Street was the only major high-rise building on the East River downtown waterfront for many years until the post-1970s construction boom.

In 1980, the 120 Wall Company, LLC, an affiliate ofSilverstein Properties, acquired the building for $12 million.^[2]^[10]^[3] In 1992, in cooperation with the city'sEconomic Development Corporation, Silverstein Properties obtained the designation of 120 Wall Street as New York City's only Association Center.^[2]^[11] The designation creates reduced rents fornot-for-profit organizations. Tenants includeThe New Press,AFS Intercultural Programs, theNetwork for Teaching Entrepreneurship,Illuminating Engineering Society of North America,Pacifica Foundation WBAI-FM, theLucis Trust & World Goodwill, the world headquarters locations of theNational Urban League,Juvenile Diabetes Research Foundation,The United Negro College Fund, theAlan Guttmacher Institute, theCenter for Reproductive Rights, andLambda Legal.^{[citation needed]}Concepts of Independence, a consumer organization for the disabled, is also a tenant.^[12]

In October 2020,Wells Fargo,JP Morgan Chase andCitigroup provided a $165 millionmortgage loan.^[13]

References

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Notes

^^a ^b"New York Architecture Images- 120 WALL STREET". nyc-architecture.
^^a ^b ^c ^dDunlap, David W. (October 27, 1991)."Commercial Property: Nonprofit Tenants; Wall Street Tower as a Site for a Service Association".The New York Times.
^^a ^b ^c"About 120 Wall Street".Silverstein Properties.
^^a ^bMcDonald, Edwin J.; Day, Joseph P.; Burchill, Thomas F. (June 27, 1933)."SKYSCRAPER BID IN BY NEW YORK LIFE; Insurance Company Acquires Building at 114 Wall St. in Foreclosure Auction".The New York Times.
^^a ^b"RENTING LARGE SPACE.; Many Tenants Take Entire Floors at 120 Wall Street".The New York Times. November 3, 1929.
^"Builders Take Fee and Lease To Protect Wall St. Project".The New York Times. April 24, 1929.
^"4,050,000 Loan Is Placed".The New York Times. February 1, 1929.
^"RAZING BUILDINGS ON WALL STREET; Ten Tall Office Structures Are Being Torn Down for Two High Banking Edifices. OLD GALLATIN BANK GONE Third Towering Structure Under Way on South Street Front at Foot of Wall Street".The New York Times. May 12, 1929.
^"Wall Street Building Opened".The New York Times. March 9, 1930.
^"Silverstein Buys 120 Wall St".The New York Times. September 28, 1980.
^Sun, Kevin (February 12, 2021)."Here's what tenants are paying at Silverstein's 120 Wall Street".The Real Deal.
^Concepts of Independence, New York, NY
^Sun, Kevin (November 9, 2020)."Manhattan's top real estate loans post second best month since March".The Real Deal.

Sources

Stern, Robert A. M.; Gilmartin, Patrick; Mellins, Thomas (1987).New York 1930: Architecture and Urbanism Between the Two World Wars. New York: Rizzoli.ISBN 978-0-8478-3096-1.OCLC 13860977.
Stern, Jewel; Stuart, John A. (2006).Ely Jacques Kahn, Architect: Beaux-arts to Modernism in New York. Norton. pp. 146–148.ISBN 978-0-393-73114-9.

External links

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Financial District

Manhattan,New York City

Buildings

West of Broadway/ State Street	1 Broadway 21 West Street 65 Broadway 90 West Street 88 Greenwich Street 94 Greenwich Street 125 Greenwich Street 130 Cedar Street 195 Broadway American Stock Exchange Building Barclay–Vesey Building Bowling Green Offices Building Castle Clinton City Pier A Cunard Building Downtown Athletic Club Empire Building Firehouse, Engine Company 10 and Ladder Company 10 James Watson House New York County Lawyers' Association Building Old New York Evening Post Building Robert and Anne Dickey House St. George's Syrian Catholic Church St. Paul's Chapel St. Peter's Roman Catholic Church Transportation Building Trinity and United States Realty Buildings Trinity Church Trinity Court Building Whitehall Building World Trade Center One 2 3 4 7 Perelman Performing Arts Center St. Nicholas Greek Orthodox Church Vehicular Security Center Westfield Mall
East of Broadway/ State Street	1 Hanover Square 1 New York Plaza 1 Seaport Plaza 1 Wall Street 1 Wall Street Court 1 William Street 2 Broadway 2 New York Plaza 5 Beekman Street 14 Wall Street 15 Broad Street 15 William 17 State Street 19 Dutch 20 Exchange Place 23 Wall Street 25 Water Street 26 Broadway 28 Liberty Street 32 Old Slip 37 Wall Street 40 Wall Street 45 Broad Street 48 Wall Street 52 Broadway 55 Broad Street 55 Wall Street 55 Water Street 56 Beaver Street (Delmonico's) 56 Pine Street 60 Wall Street 63 Wall Street 63 Nassau Street 70 Pine Street 75 Wall Street 90–94 Maiden Lane 116 John Street 120 Wall Street 130 William 140 Broadway 150 Nassau Street 161 Maiden Lane 161 Water Street 170–176 John Street 250 Water Street Alexander Hamilton U.S. Custom House American Bank Note Company Building American Surety Building Bennett Building Broad Exchange Building Chamber of Commerce Building Continental Bank Building Continental Center Corbin Building Down Town Association Equitable Building Excelsior Power Company Building Federal Hall Federal Reserve Bank of New York Building Fraunces Tavern Home Insurance Plaza John Street Methodist Church Keuffel & Esser Company Building Lee, Higginson & Company Bank Building Liberty Tower Morse Building New York City Police Museum New York Stock Exchange Building New York Times Building Park Row Building Potter Building Wall Street Plaza
Former buildings	Alexander Macomb House Astor House Barnum's American Museum Blair Building City Hotel City Investing Building Equitable Life Building Gillender Building Gilsey Building Government House Hanover Bank Building Howard Hotel Kemble Building Knickerbocker Trust Company Building Manhattan Life Insurance Building Mills Building Mortimer Building New York Produce Exchange New York Tribune Building New York World Building Pearl Street Station St. Paul Building Singer Building Stadt Huys Tontine Coffee House Tower Building Western Union Telegraph Building World Trade Center 3 4 5 6 7

Other points of interest

Arts and culture	Charging Bull China Chalet Fearless Girl Four Continents The Sphere Titanic Memorial
Parks and plazas	Austin J. Tobin Plaza‎‎ (former) The Battery Bowling Green Elizabeth H. Berger Plaza Hudson River Park Imagination Playground Liberty Park Louise Nevelson Plaza Queen Elizabeth II September 11th Garden Vietnam Veterans Plaza Zuccotti Park
Food and drink	Brasserie Les Halles China Chalet Crown Shy Delmonico's Fraunces Tavern Rolfe's Chop House Saga The Dead Rabbit

Education

Schools	High School of Economics and Finance Leadership & Public Service High School Léman Manhattan Preparatory School Millennium High School New York Film Academy Pace University Pine Street School New York
Museums	China Institute Federal Hall Fraunces Tavern George Gustav Heye Center Mmuseumm Museum of American Finance Museum of Jewish Heritage New York City Police Museum Skyscraper Museum South Street Seaport

Transportation

Public transport	Subway Bowling Green Broad Street Fulton Street Rector St/Greenwich St Rector St/Trinity Pl South Ferry/Whitehall St Wall St/William St Wall St/Broadway WTC Cortlandt PATH World Trade Center Ferries Pier 11/Wall Street South Ferry Battery Maritime Building Whitehall Terminal
Other transport	Downtown Manhattan Heliport Wall Street Skyport
Streets	Albany Beaver Bridge Broad Broadway Church/Trinity Place Cortlandt Dey Exchange Fulton Greenwich John Liberty Maiden Lane Marketfield Nassau Pearl South Spruce State Stone Theatre Alley Vesey/Ann Wall Washington West Whitehall William

See also:Manhattan Community Board 1

Authority control databases: Geographic	Structurae

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