Oren Barak Of Tarsat Properties Acquires Office Building From ASB Capital Management For $22.75M

The office building at 7 West 18th Street is located in the Flatiron District of Manhattan. The property was acquired for $22.75 million, encompassing a total building square footage of 46,740 and office space of 43,307 square feet, resulting in a price per building square foot of $487 and a price per square foot of $525.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $22,750,000
• Buyer: Oren Barak - Tarsat Properties
• Seller: Robert Bellinger, Mike Avon & Brendan Reed - ASB Capital Management
• Brokers: Alexander N. Bermingham & Matthew Coudert - George Comfort & Sons
• Date of Closing: 09/30/2024
• Recording Date: 10/03/2024

7 West 18th LLC, led by Oren Barak, engaged in the acquisition of the office building from ASB Capital Management, marking a strategic investment in the Manhattan market. The brokers involved in this transaction were Alexander N. Bermingham and Matthew Coudert, representing the buyer through George Comfort & Sons.