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
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