Rudder Property Group is pleased to have represented Global Export Marketing Co. in the purchase of an office cooperative floor located at 25 West 31st Street. Global Export paid $2.775 million, $478 per square foot, for the entire 8th floor of the 12-story building. The 8th floor has a loft-like feel with high exposed ceilings […]
12 West 32nd Street, New York, NY between 5th Avenue and BroadwayOFFICE COOPERATIVE FOR SALE Full floor presence Large, operable windows Efficient layout with three sides of windows High ceilings Landlord would consider leasing the unit Prime Midtown location Close proximity to the Penn Station, Port Authority and Grand Central transportation hubs Located in the heart of Herald Square and Koreatown Entire […]
On October 3, 2012, Citi Commercial Bank and AABANY hosted a successful CLE dinner event: “Understanding the Foreign Purchaser in New York City.” The event took place at The Holiday Inn in Soho and was attended by 65 attorneys and real estate professionals. Thanks to the support of David Lau, Senior Vice President of Citi […]
Rudder Property Group is pleased to announce the sale of an 18,201 square foot office condominium on the 14th floor of 125 Maiden Lane. SCPG Property, LLC, a subsidiary of a China-based publishing company, paid $5.9 million. Michael Rudder and Mike Heller of Rudder Property Group represented the seller, while Arthur Hung from Corcoran represented […]
The Durst Organization recently completed a “leasehold office condominium” transaction at 205 East 42nd Street. Durst converted the building into an office condominium. They then leased 170,000 RSF condominium unit to theCity University of New York. The purpose of the leasehold condo is to avoid paying real estate taxes. Since the space that CUNY, a non-profit, […]
RPG recently represented Sandeep Diamond Corp. in a 10-year lease at 535 Fifth Avenue. The Sandeep Diamond Corp. deal represents the fifth transaction that RPG has completed with tenants and office condominium buyers in the jewelry and diamond industry.
Rudder Property Group is pleased to offer a full floor office condominium for sale at 633 Third Avenue, between 40th and 41st Streets. The 13th floor is 19,930 rentable square feet. This offering is a rare opportunity for a company, non-profit organization, UN mission or consulate, or an investor to purchase a floor in a […]
A recent article in Real Estate Weekly, which quotes Michael Rudder, highlights how the availability in financing has made the current market an good time for companies to purchase their space. The article highlights the recent acquisitions made by Google, Nordstroms and Coach. “It’s a cyclical situation,” said Michael Rotchford, Cushman and Wakefield’s head […]
Mid-Year 2012 This report provides an overview of the Manhattan office condominium sales market in the first half of 2012 and it includes historical sales data, an in-depth look at notable office condominium sales in each submarket, and the citywide office condominium availability rates. In addition, this report features an interview with Doug Lasdon, the […]
Summer 2012 This newsletter highlights the shortage of New York City office condo space for sale and the tremendous demand for office condos from small businesses and foreign buyers.
