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1 World Trade Center

Cloudflare Leases 34,382 Square Feet At 1 World Trade Center From Port Authority And Durst Organization
LEASEDOffice

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

Douglas Durst

Durst Organization

Landlord

$1.9B

vol

13 deals

Landlord
Durst Organization
Durst OrganizationLandlord

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