Bank Of America Tower Acquired By Bank Of America For $1.6B

The Bank of America Tower, also known as THE BOAT, is located at One Bryant Park in Midtown Manhattan. It is a mixed-use property with a total space of 2.01 million square feet. The tower is owned by The Durst Organization, a prominent real estate company in New York City.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,600,000,000
• Lender: Bank of America
• Landlord: The Durst Organization
• Market: Midtown
• Fun Fact: It is the fifth tallest building in the city.

Bank of America provided a loan amount of $1,600,000,000 for the property. The Durst Organization, as the landlord, oversees the operations and management of the Bank of America Tower. This iconic building stands as a testament to the architectural prowess and economic significance of Midtown Manhattan.