News: Brokerage

Koeppel Rosen negotiates 8,569 s/f lease for Frostbyte Tech. at 151 West 26th St.

Manhattan, NY Koeppel Rosen LLC negotiated a new, 8,569 s/f lease for Frostbyte Technologies, Inc., d/b/a Dripos, at 151 West 26th St.

Dripos is a New York City-based startup that builds an all-in-one software platform for coffee shops. Instead of using separate tools for POS, payroll, scheduling, banking, and customer loyalty, Dripos combines everything into one system designed specifically for café operations. The startup relocated from 45 East 20th St., where it occupied 5,000 s/f across two floors. The company will move into a portion of the 10th floor at Koeppel Rosen’s 151 West 26th St.

Max Koeppel, director of leasing at Koeppel Rosen represented ownership in-house, while Robert Mitchell of Byrnam Wood, LLC represented Dripos.

“It was wonderful working with Dripos to negotiate its relocation to 151 West 26th St.,” said Koeppel. “Dripos wanted its operations to be on one floor, not split across multiple. The expanded space at 151 West 26th St. also allows flexible room for the company to grow.”

Constructed in 1912 by architectural firm Schwartz & Gross & B.N. Marcus, 151 West 26th St. is a 197,336 s/f, 12-story building between Sixth and Seventh Aves. in Manhattan’s Chelsea neighborhood. Tenants at the Energy Star certified 151 West 26th St. enjoy the building’s historic character, abundant natural light, 24/7 building access, freight and passenger elevator cabs, and an attended lobby. The building is near a number of dining and entertainment options, as well as central transportation options, such as the 1, 2, N, Q, R and W subway lines.

Current tenants are Swedish Institute, Inc., Goods & Services, LLC, Public Clothing Company, and CTA Architects P.C.

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