120 Wall Street | |
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as seen from the East River
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General information | |
Architectural style | Wedding-cake |
Location | Wall Street |
Address | 120 Wall Street |
Town or city | New York City |
Country | United States |
Current tenants |
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 |
Renovated | 2002 |
Cost | US$12 million (1929) |
Owner | Silverstein Properties Inc. |
Height | 399 ft (122 m) |
Technical details | |
Floor count | 34 |
Design and construction | |
Architecture firm | Buchman & Kahn |
Coordinates: 40°42′18″N 74°00′22″W / 40.705°N 74.006°W
120 Wall Street is a skyscraper in the Financial District of Lower Manhattan in New York City, and was completed in 1930. The building is 399 ft (122 m) tall, has 34 floors, and is located on the easternmost portion of Wall Street, and also borders Pine Street and South Street.
Greenmal Holding Corporation announced that it had obtained a loan in February 1929 to build the building. The cost was estimated at $12,000,000, with the edifice resting upon a fifty-onecaisson foundation. Designed by Buchman & Kahn, the building was planned to occupy a 23,000-square-foot (2,100 m2) plot. T. Greenberg and Malzmal purchased the property in 1928 from the American Sugar Company.
The building opened in March 1930, and the original anchor tenant of the building was the American Sugar Refining Company.
New York Life Insurance Company bid $1,000,000 to foreclose a $5,569,605 lien against the skyscraper at a June 26, 1933, auction. The insurance firm previously initiated a $5,000,000 suit to foreclose a consolidated mortgage on the property, on November 23, 1932. A first mortgage of $4,050,000 was given in 1929. Liens of $200,000 and $750,000 were made subsequently. The lawsuit was based on nonpayment of $150,000 in interest, on May 1, 1932. Of the amount owed only $46,040 was paid by Greenberg and Malzmal.