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
About this deal
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.
On the Map
Office
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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