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45 Main Street

Bjarke Ingels Group Leases 50000 SF Office At 45 Main Street Brooklyn From Two Trees Management
LEASEDOffice

Bjarke Ingels Group Leases 50000 SF Office At 45 Main Street Brooklyn From Two Trees Management

45 Main Street

$55

$55/SF

Building Size

50,000 SF

Asset Type

Office

Closing

Oct 31, 2025

AI

The property asset involved in this transaction is an office space located at 45 Main Street in Brooklyn, featuring a leased area of 50,000 square feet. The asking rent for the space is $55 per square foot under a modified gross lease agreement.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 45 Main Street
  • Market: Brooklyn
  • Landlord: Two Trees Management
  • Tenant: Bjarke Ingels Group
  • Tenant's Representatives: Jeffrey Karp - Latitude Property Group & Ryan Gessin - Newmark
  • Lease Type: Modified Gross Lease
  • Note: BIG’s lease transaction of 50K RSF at 45 Main Street represents the largest Brooklyn office lease completed in 2025

The key individuals and companies involved in this transaction include landlord Two Trees Management and tenant Bjarke Ingels Group, represented by Jeffrey Karp from Latitude Property Group and Ryan Gessin from Newmark. Their collaboration facilitated the leasing of this significant office space in Brooklyn.

Players

Jeffrey Karp

Latitude Property Group

Broker

$302.7M

vol

10 deals

Broker

Jed Walentas

Two Trees Management

Landlord

$72.8M

vol

8 deals

Landlord

Brooklyn 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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93