Cloudflare Leases 34,382 Square Feet At 1 World Trade Center From Port Authority And Durst Organization
1 World Trade Center
Building Size
34,382 SF
Asset Type
Office
Closing
Aug 6, 2025
AI
The asset involved in this transaction is an office space located at 1 World Trade Center in the Financial District, comprising 34,382 square feet. The landlord for this property is the Port Authority of New York & New Jersey, along with Douglas Durst from the Durst Organization. Cloudflare is the tenant acquiring this space for its newest hub in New York City.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 World Trade Center
- Market: Financial District
- Landlord: Port Authority Of New York & New Jersey; Douglas Durst - Durst Organization
- Tenant: Matthew Prince - Cloudflare
- Square Footage: 34,382
Matthew Prince represents Cloudflare in this lease transaction, marking a strategic move for the company as it establishes a new operational base in one of New York City's most prominent commercial hubs.
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