December 18, 2019
Rudder Property Group (RPG), which specializes in office condominium sales, closed on the sale of a 5,314-square-foot office condominium to Sonic Union at 24 W. 40th St. The audio post-production firm acquired the sixth-floor space from Thor Equities for $6,483,080, or $1,220 per square foot.
Sonic Union—whose client roster includes Coach, Macy’s, Volkswagen, Verizon, American Express, Amazon, Facebook, Johnson & Johnson and others—has occupied the space since January 2018, before deciding to purchase the full-floor office. The asking price was $6.9 million.
“Sonic Union wisely seized the opportunity to purchase the office space it was already leasing—a win-win for a company that executed an extremely high-end build out for its audio post production business,” said Michael Rudder of RPG. “Now, the company is able to retain its space while gaining significant equity for the business long-term.”
Tom Lischak of Bridgeway Commercial Realty represented Sonic Union.
For comments, questions or concerns, please contact Paul Bubny