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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 140 Broadway
- Market: Financial District
- Landlord: Union Investment Real Estate GmbH Corp
- Tenant: Athena Club
- Brokers: David Falk, Hal D. Stein, Eric Cagner, Jonathan Franzel, Daniel Appel & Claire Koeppel - Newmark
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
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