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11 Bond Street

RFR Holding Acquires Retail Building At 11 Bond Street In NoHo, Manhattan For $19.8M
SOLDRetail

RFR Holding Acquires Retail Building At 11 Bond Street In NoHo, Manhattan For $19.8M

11 Bond Street

$19,828,900

$1,328/SF

Building Size

14,925 SF

Asset Type

Retail

Closing

Dec 8, 2023

AI

RFR Holding, through RF 350 LP LLC, has acquired CP Capital's interest in the retail building at 11 Bond Street (also known as 350 Lafayette Street) in NoHo, Manhattan, for $19.8 million. The property is a retail asset with a total square footage of 14,925. It is located in the vibrant neighborhood of NoHo and is situated on Bond Street, known for its trendy shops and boutiques. The transaction was completed on December 8, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $19,828,900
  • Address: 11 Bond Street, NoHo, Manhattan
  • Market: NoHo, Manhattan
  • Buyer: Michael Fuchs - RFR Holding
  • Seller: Paul Doocy - CP Capital
  • BSF: 16,295
  • PPBSF: $1,217
  • SF: 14,925
  • PPSF: $1,329

Michael Fuchs, representing RFR Holding, and Paul Doocy, representing CP Capital, were the key individuals involved in this transaction. RFR Holding, a prominent real estate firm, saw the potential of acquiring CP Capital's interest in this retail building located in the sought-after NoHo neighborhood. The deal further solidifies RFR Holding's presence in the Manhattan market and highlights their strategic investment decisions.

Players

Michael Fuchs

RFR

Buyer

$3.6B

vol

25 deals

Buyer
CC
CP CapitalSeller

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93