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Magnat Ink Group Leases Office Space At 224 W. 30th St. In Chelsea

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LEASED

New York

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Office7,720 SF
Leased 04/19/2022
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LEASED

Magnat Ink Group Leases Office Space At 224 W. 30th St. In Chelsea

224 West 30th Street, New York City, New York 10001, United States

See Similar Deals
Office7,720 SF
Leased 04/19/2022
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Summary

NEW YORK
Asset Type:Office
Total Square Footage:7,720 SF
Transaction Type:Lease

The office space located at 224 W. 30th St. in Chelsea has been leased. The tenant, Art + Cook, will be occupying the space. The lease was facilitated by Antoine Williams from Magna Ink Group, who represented Art + Cook. On the landlord's side, the lease was handled by Chris Okada and Hiro Iwata from Okada & Company. The landlord is MB Hampton.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Asking Rent: $38/ft.
  • Square Footage: 7,720

This lease in Chelsea exemplifies the ongoing conversation around office space during the pandemic. The deal reflects a defining moment in the city, the lives of those involved, and their careers. Despite the challenges, this transaction demonstrates the continued confidence in New York City's commercial real estate market. @OkadaCo invites everyone to follow @ChrisOkada for more insights on office spaces in NYC.

Players

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

Hiro Iwata
Okada & Company
17 deals
BROKER

Antoine Williams
1 deal
BROKER

Details

LEASED
IMAGE: Chris Okada & Hiro Iwata DATE: 04/19/2022 ADDRESS: 224 W. 30th St. MARKET: Chelsea ASSET TYPE: Office LANDLORD: MB Hampton TENANT: Art + Cook TENANT'S REP: Antoine Williams - Magna Ink Group LANDLORD'S REP: Chris Okada (@ChrisOkada) & Hiro Iwata - Okada & Company (@OkadaCo) ASKING RENT: $38/ft. ~ SF: 7,720 NOTE FROM @OkadaCo: Follow @ChrisOkada.... We will be talking about office space during the pandemic forever. The same way we talk about NYC CRE during 2008-2010, the same way we talked about NYC CRE after 2001, the same way we talk about NYC CRE in the 70's & 80's... This is a defining moment in our city, our lives, & our careers...So happy to be part of it. EVERY DEAL COUNTS! ALWAYS BE CLOSING! BETTING ON NYC!

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Deal Type
Effective Rent (Annual)

$442,505.74

Total Lease Value

$4,425,057.41

Net Landlord Cash Flow$442,505.74