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140 Broadway

Athena Club Signs Seven-Year Lease For 11,857 Square Feet At 140 Broadway In Financial District
LEASEDOffice

Athena Club Signs Seven-Year Lease For 11,857 Square Feet At 140 Broadway In Financial District

140 Broadway

Building Size

11,857 SF

Asset Type

Office

Closing

Apr 17, 2026

AI

The property asset involved in the transaction is an office space located at 140 Broadway in the Financial District, comprising 11,857 square feet. The lease is structured for a period of seven years, enabling the tenant to expand significantly from their previous 5,000-square-foot location.

Summary of transation details:

The individuals facilitating this lease include prominent brokers from Newmark, namely David Falk, Hal D. Stein, Eric Cagner, Jonathan Franzel, Daniel Appel, and Claire Koeppel. These representatives played a vital role in the negotiation process for Athena Club's new headquarters.

Players

Hal D. Stein

Newmark

Broker

12 deals

Broker
David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
UC
Union Investment Real Estate GmbH CorpLandlord
AC
Athena ClubTenant

New York Office Market Snapshot

Boundary boundary · Office · 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