Okada Acquisition Company is pleased to announce the completion and sell-out of 55-unit residential condominium project 432 West 52nd Street. Sales of the 60,000SF development commenced in October, 2014. The project was also featured on Season 5 of Bravo TV's Million Dollar Listing New York.
Okada Acquisitions head Christopher Okada stated "I loved this deal. When we launched sales we wondered if we would miss the market. Six months from the launch, we owned it without any debt. The team and people involved were amazing, and it was featured on TV. It wasn't all rainbows and unicorns however. My father passed away 1 month after we purchased it (which was devastating) and from Q2' 2015 onward there was a lot more competition in the immediate area. I also clearly remember people doubting we could get the sales numbers we achieved. In the end, I'm really happy with the partnership, the talented people involved, and the process in general."