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11 Bond Street

GymShark Leases 15,000 SF Retail Space At 11 Bond Street From RFR Holding
LEASEDRetail

GymShark Leases 15,000 SF Retail Space At 11 Bond Street From RFR Holding

11 Bond Street

$300

$300/SF

Building Size

15,000 SF

Asset Type

Retail

Closing

Feb 3, 2025

AI

The property asset involved is a retail space located at 11 Bond Street in Noho, Manhattan. The transaction involves a long-term lease for a total of 15,000 square feet at an asking rent of $300 per square foot. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

The deal includes key representatives from the involved agencies who played a critical role in facilitating the lease transaction. Brandon Singer, Suzanne Bernstock, and Manu Wendum represented Retail By Mona, while Joel Stephen and Preston Cannon represented CBRE.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93