Falcon Properties Inc. Acquires Office Building In Fashion District For $8M

The property involved in this transaction is an office located at 150 West 36th Street in the Fashion District. The sale took place on September 17, 2021, with a sale price of $8,000,000. The office has a total square footage of 10,394, resulting in a price per square foot of $640. The building's floor area is 24,690, and the price per floor area is $324. The lot size measures 25 feet by 98.75 feet.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $8,000,000
• Date: 09/17/2021
• Address: 150 West 36th Street
• Market: Fashion District
• Buyer: @FalconPropertiesInc.
• Buyer's Representative: Christopher Okada (@OkadaCo.)
• Seller's Representatives: Catherine O'Toole and Stephanie Moore (eeAssociatesNYC)

In this transaction, the buyer was Falcon Properties Inc., represented by Christopher Okada from OkadaCo. The seller's representatives were Catherine O'Toole and Stephanie Moore, both from eeAssociatesNYC. This sale marks the 56th transaction between Falcon Properties and Christopher Okada's company. The buyer and seller have completed over 50 deals together, including the recent $18 million refinance of another property. The success of this long-term partnership is highlighted by the continuous flow of deals, allowing both parties to benefit from the thriving New York City real estate market.