NoHo Development Site On Market for $25M

NEW YORK CITY-Massey Knakal Realty Services and Eastern Consolidated have been retained by ownership on an exclusive basis to sell 8 and 10-12 Bond St.–a 100-foot-deep site in NoHo that allows for immediate development to meet the increasing hotel and commercial office demand in the city. The asking price is $25 million.

A source close to the deal revealed to GlobeSt.com that the entity’s name who is selling the site is Bond Street Partners LLC, but they could not reveal further information regarding reasons for selling. The source also says that “there are proposed plans for a hotel.” The property, also known as 358-364 Lafayette St., is currently an irregular lot containing a three-story building at 8 Bond St. and two contiguous one-story buildings with parking and signage at 10-12 Bond St.

The property consists of approximately 32,355 buildable sf. “The area is probably the hottest area in Manhattan right now in terms of an up and coming trendy area,” the source says.