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151 West 42nd Street

Updated Oct 12, 2026

Howden Signs 10-Year Lease For 31,519 Square Feet At Durst Organization's One Five One Tower
LEASED

Howden Signs 10-Year Lease For 31,519 Square Feet At Durst Organization's One Five One Tower

151 West 42nd Street

Building Size

—

Asset Type

—

Closing

May 7, 2026

About this deal

AI

The property asset involved in this transaction is located at 151 West 42nd Street in the Times Square market. It encompasses an office space with a total square footage of 31,519, situated within Durst Organization’s One Five One tower. The lease agreement covers a duration of 10 years.

Summary of transaction details:

Global insurance broker Howden has signed the lease for the entirety of the 53rd floor in the building. The deal involves representation from key individuals within both the landlord's and tenant's organizations, facilitating the transaction through their respective brokers.

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Players

Tom Bow

Durst Organization

Broker

20 deals

Broker

Jody Durst

Durst Organization

Landlord

15 deals

Landlord
Howden
Howden Tenant
Bilt advertisement

West End CRE Market Snapshot

Boundary boundary · CRE · 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

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