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New York & Tri-State  + Downtown New York  + Retail  | 

CBRE Team Brokers $130M Boutique Sale in NoHo

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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