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
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