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50 West 23rd Street

Jonah Peretti Of BuzzFeed Leases Office Space At 50 West 23rd Street New York City
LEASEDOffice

Jonah Peretti Of BuzzFeed Leases Office Space At 50 West 23rd Street New York City

50 West 23rd Street

Building Size

42,210 SF

Asset Type

Office

Closing

Mar 26, 2025

AI

The property involved in this transaction is an office space located at 50 West 23rd Street in New York City. The asset covers a total area of 42,210 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: Jonah Peretti - BuzzFeed
  • Landlord: Two Trees Management
  • Tenant's Representatives: Jason Frazier, Christopher W. Mansfield (CBRE)
  • Landlord's Representative: Alyssa Zahler
  • Date of Transaction: 03/26/2025

This lease highlights the involvement of Jason Frazier and Christopher W. Mansfield from CBRE representing BuzzFeed as the tenant. The landlord, Two Trees Management, is represented by Alyssa Zahler in this transaction.

Players

Alyssa Zahler

Broker

7 deals

Broker
Two Trees Management
Two Trees ManagementBrokerage

Jed Walentas

Two Trees Management

Landlord

$72.8M

vol

8 deals

Landlord

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