Christopher Okada And Francis Leung Acquire Flatiron Office Building For $16.25M

Located in the Flatiron district, the office property at 109-111 West 24th Street was recently sold in a transaction. The asset spans a total area of 44,500 square feet, with a price per square foot of $365. The sale price for the property was $16,250,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,250,000
• Address: 109-111 West 24th Street
• Market: Flatiron

The buyer in this transaction is Christopher Okada and Francis Leung, while Montauk Rug & Carpet acted as the seller. Representing the buyer's side were Brock Emmetsberger and Cameron Stafford from 6RealEstate Advisors. On the seller's side, Bob Knakal and Jonathan Hageman from LL served as the representatives.

It is worth noting that Christopher Okada shared his perspective on the purchase. He mentioned experiencing uncertainty during the early days of the pandemic, but his confidence in New York City's resilience led him to make this investment. Okada also referenced his real estate documentary, "THE RESILIENT," as a reminder of NYC's ability to bounce back. With the acquisition of 111 West 24th Street, Okada aims to contribute to the city's post-pandemic office development projects.