An office space located at 50 W. 17th St. in the Flatiron market has recently been leased. The tenant, The Alchemical, has signed a lease agreement with the landlord, Argo. The lease was facilitated by brokers Chris Okada and Matthew Fernandez of Okada & Co. The office spans approximately 7,200 square feet and the asking rent was $68 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Lease
• Address: 50 W. 17th St.
• Market: Flatiron
• Landlord: Argo
• Tenant: The Alchemical
• Brokers: Chris Okada & Matthew Fernandez - Okada & Co.
• Asking Rent: $68/ft.
• Square footage: 7,200

In the competitive and challenging New York City commercial real estate market, Chris Okada and Matthew Fernandez were able to successfully close this lease transaction. Despite the difficulties posed by the global pandemic, economic instability, and inflationary pressures, they recognized the hidden opportunities within the chaos. Their perseverance and ability to close deals demonstrate their confidence in the New York City market. Follow @ChrisOkada for more insights on New York City commercial real estate.