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:
- Property Type: Retail
- Transaction Amount: $300/ft
- Lease Term: Long Term
- Lease Type: Modified Gross Lease
- Landlord: RFR Holding
- Tenant: GymShark
- Brokers: Brandon Singer, Suzanne Bernstock, Manu Wendum - Retail By Mona; Joel Stephen & Preston Cannon - CBRE
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
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