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50 Hudson Yards

BlackRock Expands Headquarters By Subleasing 193573 Square Feet From Meta At 50 Hudson Yards
LEASEDOffice

BlackRock Expands Headquarters By Subleasing 193573 Square Feet From Meta At 50 Hudson Yards

50 Hudson Yards

Building Size

193,573 SF

Asset Type

Office

Closing

Oct 1, 2025

AI

The property asset involved in this transaction is located at 50 Hudson Yards in Manhattan. It is categorized as an office type with a total square footage of 193,573. The landlord of the property is Mark Zuckerberg, representing Meta, while the tenant is Larry Fink, who represents BlackRock.

Summary of transaction details:

The deal notably expands BlackRock's headquarters at this location, increasing its total footprint to approximately 1.24 million square feet across 15 floors. This makes BlackRock one of the largest tenants in the 2.9 million-square-foot tower, with JLL facilitating the brokerage of the deal.

Players

Peter Riguardi

JLL

Broker

$38.2M

vol

17 deals

Broker
Mark Zuckerberg

Mark Zuckerberg

Meta Platforms Inc.

Landlord

$222.3M

vol

18 deals

Landlord
BlackRock
BlackRockTenant

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