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151 West 42nd Street

Bank Of Montreal Leases 82422 Square Feet At Durst Organization's 151 West 42nd Street
LEASEDOffice

Bank Of Montreal Leases 82422 Square Feet At Durst Organization's 151 West 42nd Street

151 West 42nd Street

Building Size

82,422 SF

Asset Type

Office

Closing

Feb 4, 2026

AI

The transaction involved a lease of office space at 151 West 42nd Street, located in Manhattan. The leased asset encompasses 82,422 square feet. The landlord for this property is Durst Organization.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Undisclosed
  • Address: 151 West 42nd Street
  • Market: Manhattan
  • Landlord: Durst Organization
  • Tenant: Bank of Montreal
  • Brokers: Rocco Romeo, Thomas Bow & Nora Caliban - Durst Organization

Bank of Montreal expanded its presence by leasing space at Durst’s property, which complements its existing holdings in Times Square from 2019. The lease terms for this agreement are undisclosed.

Players

Thomas Bow

Durst Organization

Broker

7 deals

Broker
Durst Organization
Durst OrganizationLandlord
Bank of Montreal (BOM)
Bank of Montreal (BOM)Tenant

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