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57 Bond Street

Steve Samandarov Purchases Retail Condominium At 57 Bond Street For $5.46M From NOHO Associates
SOLDRetail

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

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.

Players

Matthew Marshall

Marshall Real Estate

Broker

$147.4M

vol

27 deals

Broker

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

2.91%

Cash-on-Cash

-0.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93