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Metromotion Productions Leases Office Space At 50 West 17th Street In New York City

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LEASED
$55

New York

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Office7,200 SF
Leased 02/08/2023
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Property Image
LEASED

Metromotion Productions Leases Office Space At 50 West 17th Street In New York City

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

See Similar Deals
Office7,200 SF
Leased 02/08/2023
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$55
Total Square Footage:7,200 SF
Transaction Type:Lease

An office space located at 50 West 17th Street in New York City has been leased by Metromotion Productions. The landlord of the property is Argo Real Estate. The lease was facilitated by brokers Thomas Capuano, Christopher Okada, and Matthew Fernandez of Okada & Company. The total square footage of the space is 7,900 sq ft, and the asking rent was $55 per sq ft.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 50 West 17th Street
  • Market: New York City

The leasing team, consisting of Thomas Capuano, Christopher Okada, and Matthew Fernandez, represented Metromotion Productions in the deal. They are affiliated with Okada & Company, a brokerage agency located in Midtown Manhattan.

As mentioned by Christopher Okada in a note, December and January were relatively quiet, but the team continued their efforts. Despite the challenging circumstances, Okada expresses optimism for the future and the positive impacts of closing deals. He emphasizes the importance of perseverance and is confident in New York City's real estate market.

Players

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

Matthew Fernandez
OpenKey™
12 deals$22.3M volume(917) 905-8256
BROKER

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

LANDLORD

Details

LEASED
IMAGE: Thomas Capuano, Christopher Okada & Matthew Fernandez DATE: 02/08/2023 ADDRESS: 50 West 17th Street MARKET: New York City ASSET TYPE: Office LANDLORD: Argo Real Estate TENANT: Metromotion Productions BROKERS: Thomas Capuano, Christopher Okada & Matthew Fernandez - Okada & Company ASKING RENT: $55/ft ~ SF: 7,900 NOTE FROM BROKER: Follow @ChrisOkada... TBH December & January were pretty quiet but we were still building, and hopefully, you were too. Everyone is talking doom and gloom, and yes it's freaking stressful, and tough, and you have to push yourself every single day just to get things going... But once we get on the other side of this...there will be life, celebrations, and champagne. I can't WAIT for this ... It's time to take off!!!! EVERY DEAL COUNTS. ALWAYS BE CLOSING. BETTING ON NYC. Leasing team in Midtown Manhattan period no questions asked.

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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