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902 Broadway

Fenwick & West Extends Lease At 902 Broadway In Flatiron District For 11 Years
LEASEDOffice

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

Ken Rapp

CBRE

Broker

9 deals

Broker
Koeppell Rosen
Koeppell RosenLandlord

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