Rudder Property Group's Office Condominium Unit
We are pleased to share the details of our office condominium purchase at the iconic Bar Building, 36 West 44th Street, Suite 1411, New York, NY
1,315 RSF | Completed June 2019
In June 2019, Rudder Property Group completed the construction of our recently purchased office condominium. We are pleased to share the details of our purchase at the iconic Bar Building to help other companies going through the office condominium purchase process. As specialists in commercial condominium sales, we believe in full transparency and hope our experience provides a useful reference point for prospective buyers.
1,315
RSF
$1,756,000
Total Investment
$1,335
Per RSF
83%
Loan to Cost
Financial Breakdown
| Category | Total | Per RSF |
|---|---|---|
| Purchase Price | $1,456,000 | $1,100/RSF |
| Construction Costs | $250,000 | $190/RSF |
| Closing Costs | $50,000 | $38/RSF |
| Total Investment | $1,756,000 | $1,335/RSF |
Financing Details
Vendor Credits
The professionals who made our space possible
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