Steve Samandarov Purchases Retail Condominium At 57 Bond Street For $5.46M From NOHO Associates
57 Bond Street
$5,460,000
$1,327/SF
Building Size
4,114 SF
Asset Type
Retail
Closing
Oct 30, 2024
About this deal
AI
The property involved in this transaction is located at 57 Bond Street in the Noho market, comprising a retail condominium of 4,114 square feet. The asset includes 2,510 square feet on Grade and an additional 1,604 square feet in the Lower Level. The sale was finalized at a price of $5,460,000, translating to a price per square foot of $1,327.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,460,000
- Address: 57 Bond Street
- Market: Noho
- Total Square Footage: 4,114
- Price per Square Foot: $1,327
- Buyer: Steve Samandarov
- Seller: NOHO Associates
- Broker: Matthew Marshall - Marshall Real Estate
Matthew Marshall represented the seller in this transaction. As part of the deal, there was a CMBS Loan assumption involved. Marshall Real Estate has successfully completed three CMBS Loan assumption deals within the past 16 months.
On the Map
$5,460,000
$1,327/SF
Retail
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New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $5.5M for 4,114 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93