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
About this deal
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.
On the Map
$300
$300/SF
Retail
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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