Falcon Properties Inc. Sells Office Building In Garment District, NYC For $6.5M

An office property located at 150 West 36th Street in the Garment District of New York City has been sold in a recent transaction. The property, spanning 13,000 square feet, was sold by Falcon Properties Inc. The sale price was $6,500,000, resulting in a price per square foot of $500. This transaction was facilitated by brokers Stephanie Moore from SM_Leesing_NYC and Catherine O'Toole from Lee & Associates.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $6,500,000
• Address: 150 West 36th Street
• Market: Garment District, New York City
• Square Footage: 13,000
• Seller: Falcon Properties Inc.
• Brokers: Stephanie Moore (SM_Leesing_NYC) & Catherine O'Toole - Lee & Associates

This transaction involved the sale of the office property to a private investor. Notably, the air rights associated with the property were sold separately, suggesting potential additional development opportunities or increased building density.