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
About this deal
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.
On the Map
$69
$69/SF
Office
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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