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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 902 Broadway, New York, NY, 10010
- Market: New York
- Tenant: Fenwick & West
- Landlord: The Rosen Family
- Tenant's Representative: Ken Rapp (CBRE), Clay Hammerstein (CBRE), David Kleinhandler (CBRE)
- Landlord's Representative: Max Koeppell (Koeppell Rosen)
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
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