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Sola Salons Leases 7,200 SF Office Space At 50 West 17th Street In Flatiron, Manhattan

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LEASED
$55

New York

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Office7,200 SF
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LEASED

Sola Salons Leases 7,200 SF Office Space At 50 West 17th Street In Flatiron, Manhattan

50 W 17th St New York, NY 10011, USA

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Office7,200 SF
Leased
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$55
Total Square Footage:7200 SF
Transaction Type:Lease

Okada & Co. is pleased to announce the leasing of 7,200 SF of Class B Office space at 50 West 17th Street in the Flatiron neighborhood of Manhattan. The property, owned by Argo Real Estate, has a total leased space of 25,200 SF and is located in a prime location in one of Manhattan's most sought-after markets. The asking rent for the leased space was $55 per square foot, resulting in a significant transaction for both the landlord and tenant.

Summary of transaction details:

This transaction marks the 93rd deal of the year for Okada & Co., illustrating their significant presence and success in the NYC office market. With over 3 million square feet of commercial real estate in Midtown Manhattan, Okada & Co. has positioned itself as a prominent player in the post-pandemic office market. The company's success is attributed to its readiness to make deals, quick turnaround time, marketing prowess, and broker-friendly approach.

Players

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

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

Elena Ivanova
Okada & Company
7 deals$2.6M volume(212) 244-4240
BROKER

LANDLORD

Details

LEASED
IMAGE: Thomas Capuano, Christopher Okada & Elena Ivanova DATE: 08/16/2023 ADDRESS: 50 West 17th Street MARKET: Flatiron, Manhattan ASSET TYPE: Office LANDLORD: Argo Real Estate (@ArgoRealEstate) TENANT: Sola Salons (@SolaSalons) BROKERS: Christopher Okada (@ChrisOkada), Thomas Capuano (@Thomas_Capuano) & Elena Ivanova (@Instananulya) - Okada & Company (@OkadaCo) ASKING RENT: $55/ft ~ SF: 7,200 NOTE FROM BROKER: πŸŽ‰ FORGET THE NEWS MEDIA... NYC OFFICE IS ON FIREπŸŽ‰ Okada & Co. is delighted to announce the leasing of 7,200 SF at 50 West 17th Street, to Sola Salons! πŸ“ Property: 50 West 17th Street, New York, NY 🏒 Asset Class: Class B Office πŸ“ Size: 7,200 SF 🏒 Total Leased So Far: 25,200 SF πŸ“ˆ Milestone: 93rd transaction of the year πŸ“ˆ Milestone: 510,961 SF of Office Space Leased since 2021 Follow @ChrisOkada for everything NYC Office & CRE. With a portfolio boasting over 3 million square feet of commercial real estate in Midtown Manhattan, Okada has positioned itself as one of the most prominent players in the post-pandemic office market. This is attributed to its approach of being ready to make deals, its quick turnaround time, its marketing prowess, and its broker-friendly approach. Brokers! We have a bonus & incentives property list for Summer 2023 & beyond. Email [email protected] for more info as well as www.okadaco.com for all our properties.

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Deal Type
Effective Rent (Annual)

$453,969.62

Total Lease Value

$4,539,696.21

Net Landlord Cash Flow$453,969.62