Coinbase Leases 30,000 SF Office At 55 Hudson Yards With Brian Armstrong As Tenant
LEASED
New York
See Similar DealsOffice30,000 SF
Leased 06/01/2020
LEASED
Coinbase Leases 30,000 SF Office At 55 Hudson Yards With Brian Armstrong As Tenant
55 Hudson Yards, Hudson Yards, New York, NY, USA
See Similar DealsOffice30,000 SF
Leased 06/01/2020
Summary
NEW YORK
Asset Type:Office
Total Square Footage:30,000 SF
Transaction Type:Lease
The recently closed lease transaction in Hudson Yards involved an office property located at 55 Hudson Yards. The asset is situated in the Hudson Yards market and was leased to Coinbase, with Brian Armstrong as the tenant. The transaction took place in June 2021.
Summary of transaction details
- Property Type: Office
- Asking Rent: $88.37/ft. (Approx.)
- Square Footage: 30,000 sq ft
- Address: 55 Hudson Yards
- Market: Hudson Yards
Brian Armstrong, the CEO of Coinbase, secured the lease for the office space at 55 Hudson Yards. The deal was completed with an asking rent of approximately $88.37 per square foot for a total area of 30,000 square feet.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,719,581.90
Total Lease Value
$17,195,818.97
Net Landlord Cash Flow$1,719,581.90
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