Robert Khodadadian – Skyline Properties Korean Media Company Scoops Up Midtown West Office Property for $37M
RJF Realty unloaded the property at 110 West 32nd Street, with an alternative address of 115 West 31st Street, to MediaWill, a Korean media company led by Tony Park, according to one of the brokers on the deal.
“The sale demonstrates the continued demand for well-located office product with proximity to major transportation hubs such as Penn Station,” Albert Sultan of Kassin Sabbagh Realty (KSR) said in a statement.
“We are currently seeing a lot of private capital from Europe and Asia looking for opportunities in strong locations in Manhattan, in this case, the building’s proximity to Koreatown and Penn Station was very attractive to the buyers,” Dror said in a statement.
MediaWill and RJF Realty could not be reached for comment.
A Korean media company dropped $37 million to buy a 113,000-square-foot office building near Midtown Manhattan’s Koreatown, Commercial Observer has learned. RJF Realty unloaded the property at 110 West 32nd Street, with an alternative address of 115 West 31st Street, to MediaWill, a Korean media company led by Tony Park, according to one of the Channel, Commercial, office, Retail, Sales, 110 West 32nd Street, 115 West 31st Street, Kassin Sabbagh Realty, MediaWill, PD Properties, RJF Realty, New York City, Manhattan
Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.