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Bryant Park

Bank Of America Signs 20 Year Lease At One Bryant Park With Landlord Jody Durst
LEASEDOffice

Bank Of America Signs 20 Year Lease At One Bryant Park With Landlord Jody Durst

Bryant Park

Building Size

2,400,000 SF

Asset Type

Office

Closing

Mar 16, 2026

AI

The asset involved is an office space located at Bryant Park in Midtown Manhattan. The lease covers approximately 2,400,000 square feet within a tower co-owned by Bank of America and The Durst Organization, making it a significant property in the area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Lease Term: 20 years
  • Landlord: Jody Durst - Durst Organization
  • Tenant: Bank of America

Bank of America is expanding its headquarters footprint under this new lease, nearly occupying the entire 2.44 million-square-foot tower. Jody Durst represents the landlord, Durst Organization, in this transaction.

Players

Jody Durst

Durst Organization

Landlord

11 deals

Landlord
Durst Organization
Durst OrganizationLandlord
Bank of America
Bank of AmericaTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93