Ritesh Kakkad Purchases Office In Manhattan From Israel Carmel For $3.2 Million

The property involved in this transaction is an office located at 545 West 25th Street in Manhattan. The sale price for the asset was $3,200,000, and it encompasses a total square footage of 3,945, resulting in a price per square foot of $811.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $3,200,000
• Square Footage: 3,945
• Price Per Square Foot: $811
• Buyer: Ritesh Kakkad
• Seller: Israel Carmel
• Brokers: Richard Nassimi & Mona Foroutani

The transaction was facilitated by brokers Richard Nassimi and Mona Foroutani, representing both parties in the deal. This collaboration ensured that the buyer, Ritesh Kakkad, and the seller, Israel Carmel, reached a successful agreement regarding the office asset.