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
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