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

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SOLD
$5,460,000

New York

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Retail4,114 SF
Sold
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Property Image
SOLD

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

57 Bond Street

See Similar Deals
Retail4,114 SF
Sold
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1327
Total Square Footage:4114 SF
Transaction Type:Sale

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
Matthew Marshall
24 deals$138.9M volume
BROKER

Details

SOLD
IMAGE: Matthew Marshall DATE: 10/30/2024 ADDRESS: 57 Bond Street MARKET: Noho ASSET TYPE: Retail BUYER: Steve Samandarov SELLER: NOHO Associates BROKER: Matthew Marshall (@MRENYC) - Marshall Real Estate SALE PRICE: $5,460,000 SF: 4,114 ~ PPSF: $1,327 NOTE FROM BROKER: 57 Bond Street, Retail Condominium, included 2510 SF on Grade with additional 1,604 SF in the Lower Level. As part of the transaction there was a CMBS Loan assumption. Marshall Real Estate has successfully completed three CMBS Loan assumption deals within the past 16 months.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$291,199.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,398.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,883.19
Annual Debt Service$310,598.23