Michael Rubin's Fanatics Expands Lease For Entire 210,000-SF Office At 95 Morton Street
95 Morton Street
Building Size
210,000 SF
Asset Type
Office
Closing
Feb 24, 2026
AI
The property at 95 Morton Street is an office asset located in the West Village, Manhattan, comprising a total of 210,000 square feet. The building is operated by Meadow Partners, and the transaction involves a lease expansion that allows the tenant to fully occupy the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 95 Morton Street
- Market: West Village, Manhattan
- Asset Size: 210,000 SF
- Landlord: Jeffrey M. Kaplan - Meadow Partners
- Tenant: Michael Rubin - Fanatics
- Landlord's Representative: Paul Amrich & Neil King - CBRE
- Tenant's Representative: Steven Rotter, Rishi Majmundar & Tristan Gretzky - Newmark
The deal represents a significant move for Fanatics, as it signed a lease expansion to take full control of the previously leased half of the building. This strategic decision allows Fanatics to occupy the entire 210,000-square-foot space, consolidating its operations under one roof.
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