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The Alchemical Leases Office Space At 50 W. 17th St. In Flatiron, NYC

50 West 17th Street
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This Office property located in NY was leased almost 2 years ago. The asking rent per square foot was $68. The brokers of the deal were Christopher (Chris) Okada and Matthew Fernandez

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.

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Deals
  • Location
    50 West 17th Street, New York City, New York 10011, United States50 West 17th Street, New York City, New York 10011, United States
  • Leased Value
    $68$68
  • Asking Rent
    $68 PSF$68 PSF
  • Area
    7,200 SF7,200 SF
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Matthew Fernandez

Matthew Fernandez

Deals7
Sold$9.2M

Agency

Okada & Company

Okada & Company

Agency
Deals93
Volume$391.8M

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Deal Summary

LEASE IMAGE: Chris Okada & Matthew Fernandez DATE: 06/17/2022 ADDRESS: 50 W. 17th St. MARKET: Flatiron ASSET TYPE: Office LANDLORD: Argo (@ArgoRealEstate) TENANT: The Alchemical BROKERS: Chris Okada (@ChrisOkada) & Matthew Fernandez (@BespokeBroker) - Okada & Co. ASKING RENT: $68/ft. ~ SF: 7,200 NOTE FROM BROKER: Follow @ChrisOkada... NYC CRE is a beast of its own.... Throw in a global pandemic, markets crashing, interest rates flying, and inflation stunning the average consumer, NYC CRE can be a scary place. But then you close a deal here, close a deal there, and all of a sudden you realize that in the midst of the chaos, there's incredible opportunity. When all else fails... ALWAYS BE CLOSING... EVERY DEAL COUNTS... BET ON NYC!

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50 West 17th Street

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