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229 West 43rd Street

Mark Lazarus Of Versant Leases Office Space At 229 West 43rd Street From Adam Frazier
LEASEDOffice

Mark Lazarus Of Versant Leases Office Space At 229 West 43rd Street From Adam Frazier

229 West 43rd Street

Building Size

164,545 SF

Asset Type

Office

Closing

Oct 1, 2025

AI

The leased property is located at 229 West 43rd Street in the Times Square market. This office asset comprises a substantial space of 164,545 square feet, recently transitioned for new tenancy.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 229 West 43rd Street
  • Market: Times Square
  • Landlord: Adam Frazier - Columbia Property Trust
  • Tenant: Mark Lazarus - Versant

In August, Versant, a spinoff of Comcast, secured the lease for the former New York Times building, which previously housed MSNBC at 30 Rockefeller Plaza, according to Savills’ Q3 Manhattan leasing report.

Players

Adam Frazier

Columbia Property Trust

Landlord

$234M

vol

6 deals

Landlord
Columbia Property Trust
Columbia Property TrustLandlord

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