Christopher Okada And Francis Leung Acquire Flatiron Office Building For $16.25M
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This Office property located in NY was sold for $16,250,000 over 2 years ago. The brokers of the deal were Cameron Stafford, Robert (Bob) Knakal, Jonathan (Jon) Hageman, and Brock Emmetsberger
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- Location109 West 24th Street, Manhattan, New York, NY, USA
- Sale Price$16,250,000$365 PPSF
- Area44,500 SF
- Asset TypeOffice
- Parties4 Brokers, 3 Agencies
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Deal Summary
SALE
IMAGE: Cameron Stafford, Brock Emmetsberger, Christopher Okada, Francis Leung, Bob Knakal & Jonathan Hageman
DATE: 10/28/2021
ADDRESS: 109-111 West 24th Street
MARKET: Flatiron
ASSET TYPE: Office
BUYER: Christopher Okada (@ChrisOkada) & Francis Leung (@NYCFrancis)
SELLER: Montauk Rug & Carpet
BUYER’S REP: Brock Emmetsberger (@NYCBrock) & Cameron Stafford - @B6RealEstate Advisors
SELLER’S REP: Bob Knakal (@BobKnakalNYC) & Jonathan Hageman - @JLL
SALE PRICE: $16,250,000
SF: 44,500 ~ PPSF: $365
NOTE FROM @ChrisOkada: Follow @ChrisOkada...We just hired a new associate who was supposed to begin last year, but due to the pandemic & timing, we began this week. He told me that last year early into the pandemic, I wasn't sure if @OkadaCo was going to survive. First, I can't believe I would event speak these words, let alone to a new hire LOL... but secondly & more importantly, I was scared. People in my circle know that I had a full blown panic attack because NYC was dead. Nobody is going to shop in stores. Companies are working from home indefinitely. Everything I had worked hard for every single day over the last 18 years (then) was in my mind gone in 60 days. Just like that. BUT HERE WE ARE... I produced a real estate documentary called THE RESILIENT (LINK IN MY BIO) & had I not been the actual producer of that I would have forgotten that NYC ALWAYS COMES BACK. This purchase is a testament of that... This recovery should be fun, & I'm betting big that it will be. Follow our journey as we turn 111 West 24th Street into one of Chelsea / Flatiron's first Post-Pandemic Office Development projects.
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109-111 West 24th Street
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