A Manhattan office building has been listed for $28 million, but there’s a catch – the property owner will only sell it to a buyer who pays in cryptocurrency.
Bisnow.com reports Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. The following year, the property was listed it on nonfungible token (NFT) marketplace OpenSea for $26.5 million. However, the company blamed tumult in the NFT market coupled with the Biden-era spike in interest rates as preventing the property from being sold.
Today, the seven-story building is back on the market, with Okada being the only commercial property owner seeking a cryptocurrency-only sale. So far, two offers have been received.
“We’ll take USDC, we’ll take Bitcoin, we’ll take Ethereum,” said Okada & Co. CEO Christopher Okada. “We’re open for business.”
Photo courtesy of Serhant.
