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
About this deal
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.
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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