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Bayview Asset Management Expands Lease At Metropolitan Tower In Manhattan To 46,000 Square Feet

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LEASED

New York

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Office
Leased 07/15/2025
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LEASED

Bayview Asset Management Expands Lease At Metropolitan Tower In Manhattan To 46,000 Square Feet

142 West 57th Street

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Office
Leased 07/15/2025
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Summary

NEW YORK
Asset Type:Office
Transaction Type:Lease

The asset is an office property located at 142 West 57th Street in the Manhattan market. The type of lease involved is for 46,000 square feet of space, expanded from a previous lease by Bayview Asset Management.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 46,000 SF
  • Address: 142 West 57th Street
  • Market: Manhattan
  • Landlord: Michael Kirchmann - GDSNY & Pat Jackson - Sabal Investment Holdings
  • Tenant: David Ertel - Bayview Asset Management
  • Broker: Mark Weiss - Cushman & Wakefield
  • Leases running through: 2040

Michael Kirchmann from GDSNY and Pat Jackson from Sabal Investment Holdings represent the landlords in this transaction, while David Ertel from Bayview Asset Management is the tenant expanding its lease. Mark Weiss from Cushman & Wakefield acted as the broker facilitating the lease agreement.

Players

Mark Weiss
16 deals$264.6M volume
BROKER

Cushman & Wakefield
BROKERAGE



GDSNY
LANDLORD

Details

LEASED
IMAGE: Michael Kirchmann, Pat Jackson & Mark Weiss DATE: 07/15/2025 ADDRESS: 142 West 57th Street MARKET: Manhattan ASSET TYPE: Office ~ SF: 46,000 LANDLORD: Michael Kirchmann - GDSNY (@GDSNY) & Pat Jackson - Sabal Investment Holdings TENANT: David Ertel - Bayview Asset Management BROKER: Mark Weiss - Cushman & Wakefield (@CushWake) NOTE: Bayview Asset Management expanded its lease at Metropolitan Tower by 16,000 square feet to 46,000 square feet across three floors, with all leases now running through 2040.

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97