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902 Broadway, New York, NY,...

Fenwick & West Leases 36400 SF Office Space At 902 Broadway New York With The Rosen Family
LEASEDOffice

Fenwick & West Leases 36400 SF Office Space At 902 Broadway New York With The Rosen Family

902 Broadway, New York, NY, 10010

$69

$69/SF

Building Size

36,400 SF

Asset Type

Office

Closing

Apr 12, 2018

AI

The property involved in the transaction is located at 902 Broadway, New York, NY, 10010. It has a market presence in New York with a total rentable area of 36,400 square feet, commanding a rent of $69 per square foot.

Summary of transation details:

Key individuals involved in the transaction include representatives from CBRE, Ken Rapp, Clay Hammerstein, and David Kleinhandler, who acted on behalf of the tenant, Fenwick & West. The landlord, The Rosen Family, was represented by Max Koeppell from Koeppell Rosen.

Players

Ken Rapp

CBRE

Broker

8 deals

Broker

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

229898.55%

Cash-on-Cash

-65705.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93