February 28, 2018 – Todd Korren, Executive Vice President/Leasing, Jonata Dayan, Executive Vice President-Condo/Co-op Sales, and Jonathan Ben-Dayan, Director/Leasing of HSP Real Estate Group, a member of NAI Global, have arranged the sale of an office co-op at 450 West 31st Street to TTN Real Estate Holdings, LLC. The partial 9th floor office has 3,930 rentable square feet and sold for $852-per-square-foot.
“The buyer was immediately drawn to the building’s Hudson Yards location, as well as its accessibility to Penn Station, exceptional transportation, and the High Line,” points out Mr. Korren. “Adding to the desirability of the location was the seller’s build-out, which took advantage of the unit’s 15-foot ceilings and natural light.”
Adds Ms. Dayan, “The building already completed significant renovations that included new elevators, Thermopane windows, and a contemporary lobby design. The buyer was additionally impressed with the level of security provided by the elevator key lock off.”
The HSP Real Estate Group team also represented the seller, Good Light Studio, a daylight photography studio and prop rental service relocating to Chicago. The sale represents the fourth transaction at 450 West 31st Street arranged by Mr. Korren, Ms. Dayan, and Mr. Ben-Dayan, who are currently marketing two other co-op units at the building, comprising a 3,985-square-foot unit and an 11,750-square-foot full-floor unit with 4,800 square feet of outdoor terrace space.