Fenwick & West Extends Lease At 902 Broadway In Flatiron District For 11 Years
902 Broadway
Building Size
—
Asset Type
Office
Closing
Jun 16, 2026
AI
The asset involved in this transaction is an office property located at 902 Broadway in the Flatiron District. The tenant, Fenwick & West, has expanded its lease to include additional space on the 13th floor, resulting in a total footprint of 72,800 square feet across four floors. The lease extension covers a term of 11 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 902 Broadway
- Market: Flatiron District
- Landlord: Koeppell Rosen
- Tenant: Fenwick & West
- Landlord's Representative: Max Koeppell - Koeppell Rosen
- Tenant's Representatives: David Kleinhandler & Ken Rapp - CBRE
- Lease Terms: 11-year lease extension
The transaction features key representatives including Max Koeppell, representing the landlord, and David Kleinhandler and Ken Rapp, representing the tenant. The involvement of these professionals highlights the collaborative effort in facilitating this lease extension at 902 Broadway.
Players
Dry Ridge 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