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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 50 Hudson Yards
- Market: Manhattan
- Asset Size: 193,573 square feet
- Landlord: Mark Zuckerberg - Meta
- Tenant: Larry Fink - BlackRock
- Brokers: Peter Riguardi, Matthew Astrachan, Joseph (Joe) Messina & Hannah Bernstein - JLL
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
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