Mahendra Patel Acquires Office Coop At 131 West 35th Street For $2.7 Million

This office coop, located at 131 West 35th Street, 4th Floor, spans 7,725 square feet and is situated in the Manhattan market. The sale was finalized for a transaction amount of $2,700,000, resulting in a price per square foot of $349.

Summary of transaction details:

• Property Type: Office Coop
• Transaction Amount: $2,700,000
• Square Footage: 7,725
• Price Per Square Foot: $349
• Buyer: Mahendra Patel
• Seller: Mal McLaren
• Buyer's Representative: Thomas Sullivan
• Seller's Representatives: Craig Waggner, John Ciraulo & Jack Stephen - Cushman & Wakefield
• Date of Transaction: 03/19/2025

This transaction involved multiple floors for sale simultaneously, which posed challenges. The Cushman & Wakefield team successfully identified the ideal buyer who needed immediate occupancy, allowing the buyer to move in three months prior to closing under an occupancy agreement, thereby assisting the seller in managing carrying costs.