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Michiko Studios Leases 8,500 SF Office Space At 15 W. 39th St. In Bryant Park

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LEASED
$35
Christopher (Chris) Okada

New York

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Office5,200 SF
Leased 09/26/2022
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Property Image
LEASED

Michiko Studios Leases 8,500 SF Office Space At 15 W. 39th St. In Bryant Park

15 West 39th Street

See Similar Deals
Office5,200 SF
Leased 09/26/2022
Christopher (Chris) Okada
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$35
Total Square Footage:5,200 SF
Transaction Type:Lease

Michiko Studios has secured a lease for 8,500 square feet of office space at 15 W. 39th St. in Bryant Park, Manhattan. The landlord, Northern Star Realty, facilitated the transaction, with the tenant's representative, Michael Moorin of RCK Realty, negotiating on behalf of Michiko Studios. Chris Okada and Thomas Capuano of Okada & Co represented the landlord.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Asking Rent: $35/ft.
  • Square Footage: 8,500
  • Address: 15 W. 39th St.
  • Market: Bryant Park

Chris Okada and Thomas Capuano of Okada & Co played a significant role in the leasing process, helping to fill vacancies and achieve 100% occupancy in Midtown, Manhattan. Their efforts contribute to the revival of New York City's office market, and their success stories may inspire others to invest in the city. With their commitment and hard work, Okada & Co continues to bet on the resurgence of the office sector in NYC.

Players

Christopher (Chris) Okada
84 deals$352.8M volume
BROKER

Thomas Capuano
Okada & Company
25 deals$2.6M volume
BROKER


LANDLORD

Details

LEASED
IMAGE: Chris Okada & Thomas Capuano DATE: 09/26/2022 ADDRESS: 15 W. 39th St. MARKET: Bryant Park ASSET TYPE: Office LANDLORD: Northern Star Realty TENANT: Michiko Studios TENANT'S REP: Michael Moorin - RCK Realty LANDLORD'S REP: Chris Okada (@ChrisOkada) & Thomas Capuano (@ThomasCapuano) - Okada & Co (@OkadaCo) ASKING RENT: $35/ft. ~ SF: 8,500 NOTE FROM BROKER: FOLLOW @ChrisOkada.... I will be talking about 2022 for decades. Sure, I will be talking about the post pandemic era with inflation going crazy... Interest rates doubling in 4-5 months & continue to rise like crazy... BUT the real story will really be about the hundreds of thousands of square feet we leased in Midtown, Manhattan. Stories about how NYC IS DEAD. Stories about how buildings had major vacancies & we got them to 100% leased. Stories about our properties going viral & global online... Stories about us actually buying properties on the cheap... Stories about our team rolling up our sleeves & getting back to work. I can't wait to see how the rest of the year pans out because DAYUM!! NYC IS BACK! OFFICE IS BACK! Always be closing! Every Deal Counts! Betting on NYC!

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Deal Type
Effective Rent (Annual)

$208,642.60

Total Lease Value

$2,086,426.03

Net Landlord Cash Flow$208,642.60