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Chris Okada & Francis Leung Secure $5.95M Loan For Retail Property In Rockefeller Center

135 West 52nd Street
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This Retail property located in NY received a loan of $5,950,000 almost 3 years ago. The brokers of the deal were Francis Leung and Christopher (Chris) Okada

The retail property located at 135 West 52nd Street in Rockefeller Center was involved in a closed transaction. The loan for this property was provided by Cathay Bank for a total amount of $5,950,000. The property is part of the Midtown Manhattan Office/Retail market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,950,000
  • Address: 135 West 52nd Street
  • Market: Rockefeller Center

@ChrisOkada & Francis Leung, from @OkadaCo, are the landlords of this retail property. They are currently looking for Midtown/Midtown South properties for a 1031 exchange. They encourage owners, tenants, brokers, and lenders to reach out to them with potential deals. The Midtown Manhattan Office/Retail market is experiencing a significant amount of opportunity, and @ChrisOkada and Francis Leung believe that this is the best year for transactions between 2016 and 2026. They believe that the impact of the years 2020, 2021, and 2022 will be discussed for decades to come.

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Deals
  • Location
    135 West 52nd Street, New York, NY, USA135 West 52nd Street, New York, NY, USA
  • Loan Value
    $5,950,000$5,950,000
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Francis Leung

Francis Leung

Deals3
Financed$173.5M

Agency

Okada & Company

Okada & Company

Agency
Deals93
Volume$391.8M

Social

Deal Summary

LOAN IMAGE: @ChrisOkada & Francis Leung DATE: 04/13/2021 ADDRESS: 135 West 52nd Street MARKET: Rockefeller Center ASSET TYPE: Retail LENDER: Cathay Bank LANDLORD: @ChrisOkada & Francis Leung (@NYCFrancis) @OkadaCo LOAN AOUNT: $5,950,000 NOTE FROM @OkadaCo: Follow @ChrisOkada ... We have a 1031 exchange & are looking Midtown/Midtown South properties. Please DM me deals! Also whether you're an owner, tenant, broker, or lender we should be talking on a daily, weekly, and monthly basis minimum. The amount of opportunity in Midtown Manhattan Office/Retail is absolutely staggering. I believe this is THE BEST YEAR of transacting from 2016 - 2026. We will be talking about 2020/2021/2022 for DECADES! Every Deal Counts! Always Be Closing!

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135 West 52nd Street

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