SOLD
Falcon Properties Inc. Acquires Office Building In Fashion District For $8M
150 West 36th Street
Office
10,394 SF
10,394 SF
Summary
Sale
NEW YORK
Office
10,394 sqft
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.
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Details
SOLD
IMAGE: Stephanie Moore, Christopher Okada & Catherine O'Toole
DATE: 09/17/2021
ADDRESS: 150 West 36th Street
MARKET: Fashion District
ASSET TYPE: Office
BUYER: @FalconPropertiesInc.
BUYER’S REP: Christopher Okada (@ChrisOkada) @OkadaCo.
SELLER’S REP: Catherine O'Toole & Stephanie Moore (@StepOnYou) - @LeeAssociatesNYC
SALE PRICE: $8,000,000
BSF: 24,690 ~ PPBSF: $324
SF: 10,394 ~ PPSF: $640
LOT SIZE: 25 ft x 98.75 ft
NOTE FROM @ChrisOkada: Follow @ChrisOkada. REAL ESTATE STORY TIME! When I started my company in 2006, I was running around like a mad man! UES, SoHo, Midtown East etc. It was only until I started getting my "flow", did I begin to focus. Flow is like momentum & mojo all mixed in one. It's the hot hand & in 2006/2007 I had flow.. but mostly with a local neighborhood landlord known as Falcon Properties in the Fashion District/Herald Sq. section of Midtown. It was wild.. I would have back to back lease signings at their Fifth Ave. office. I still to this day have not broken my personal record of 12 deals in a month.. by myself! Today, we've done over 50 deals together & the $8M sale of 150 W. 36th & $18M refinance of 325 W. 38th to them would make it our 56th & 57th transaction together. Anyway, find your flow.. & let me tell you.. keep that fire going for as long as humanly possible, because once it goes out.. it takes a while to get it going again.. sometimes years. Quick Stats: $640/SF on the bricks isn't something on outsider would pay BUT people were paying $1,100/SF in 2015-2019 for these 25 footers AND its $320/BSF... on a now 100x100 lot in the crossroads of the Times Sq./Fashion District in the best city in the world.. in the best country in the universe.. EVERY DEAL COUNTS. ALWAYS BE CLOSING. BETTING ON NYC! Big Shout Out to Catherine & Stephanie O'Toole... this would be our like 20th deal or something together & congrats to Falcon Properties!View on map
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Address150 West 36th Street
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