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Contractor: KNG Construction Co.
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Wall System: Modernfold Styles
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Flooring: PID
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Art: Michael McGrath
We are pleased to share our new office condominium at the iconic Bar Building, 36 West 44th Street, Suite 1411, New York, NY
In June 2019, Rudder Property Group completed the construction of our recently purchased office condominium. In effort to help other companies going through the office condominium purchase process below are the financial details of our office space:
| Size | 1,315 RSF |
| Price | $1,456,000 ($1,100/RSF) |
| Construction Costs | $250,000 ($190/RSF) |
| Closing Costs | $50,000 ($38/RSF) |
| Total Cost | $1,756,000 ($1,335/RSF) |
| Equity | $306,000 |
| Loan Amount | $1,450,000 (83% loan to cost) |
| Interest Rate | 4.5%, 25 year amortization |
| Common Charges/RE Taxes | $22,000/annum ($16.72/RSF) |
| Ownership Costs, including mortgage | $120,000/annum ($91.25/RSF) *25% is towards Principal |
RPG would like to recognize the following firms for their assistance with the purchase and construction process:
Legal: Shaun Pappas, Starr Associates LLP
Lender: Mario DiCerbo, Bank of America
Contractor: Mark Azzopardi, KNG Construction Co.
Title: Michelle Kleger, Kensington Vanguard
Architecture: Joe Jattuso, Jattuso Architecture
Engineering: Jack Green Associates
Expediting: William Vitacco Associates
Wall System: Modernfold Styles
Flooring: PID
Lighting: Flos Aim
Lighting Controls: Lutron
HVAC: Fujitsu
Furniture: Room & Board
Filing Cabinets: Poppin
Art: Lindsey Wilner & Michael McGrath
Design: MAA Studio
We invite you to visit our new offices or to contact us to discuss the office condominium purchase process.
Rudder Property Group
36 West 44th Street
Suite 1411
New York, NY 10036
Michael Rudder
Office: (212) 966‑3611
Mobile: (646) 483‑2203
mrudder@rudderpg.com
Justin Harris
Office: (212) 966-5638
Mobile: (914) 582-9227
jharris@rudderpg.com
