February 11, 2019
CBRE’s Darcy Stacom, William Shanahan and Ryan Spector have arranged the $130.5-million sale of 0 Bond St., also known as 670-674 Broadway, a five-story, mixed-use property in NoHo. A private European investor purchased the 70,000-square-foot building from the Paramount Group.
“Boutique assets have significant appeal to private investors,” said Spector. The CBRE team represented Paramount in the sale.
The capital markets team at CBRE has arranged the sales of similar assets over the past two years. These include the sale of the 86,800-square-foot 9 E. 40th St. in Midtown to Eretz Group for $70.25 million last May, and 2017’s trade of the 50,000-square-foot 163 Varick St. in Soho to APF for $64.9 million.
0 Bond is fully-leased to a number of high-profile tenants including fitness center Equinox, clothing brand Bandier and the social club Zero Bond, which is owned by 1 Oak founder Scott Sartiano.
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