massey knakal listing

8/11/2019 Massey Knakal Listing

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Confidential

THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your own limited usein considering whether to pursue negotiations to acquire an interest in 22 BondStreet, New York, New York ("The Property").

This Confidential Memorandum contains brief, selected information pertaining to thebusiness and affairs of the Owner, and has been prepared by Massey KnakalRealty Services ("Massey Knakal") primarily from information supplied by theOwner. Although this Confidential Memorandum has been reviewed byrepresentatives of the Owner, it does not purport to be all inclusive or to containall of the information which a prospective purchaser may desire. NeitherMassey Knakal, nor any of their officers, employees or agents make anyrepresentation or warranty, expressed or implied, as to the accuracy orcompleteness of this Confidential memorandum or any of its contents, and no

legal liability is assumed or to be implied with respect thereto.

By acknowledgement of your receipt of the Confidential Memorandum, you agreethat the memorandum and its contents are confidential, that you will hold andtreat it in the strictest of confidence, that you will not directly or indirectly,disclose or permit anyone else to disclose this memorandum or its contents toany person, firm or entity without prior written authorization of Owner, and thatyou will not use, or permit to be used, this memorandum or its contents in anyfashion or manner detrimental to the interest of Owner. Photocopying or otherduplication is strictly prohibited.

Owner and Massey Knakal expressly reserve the right, at their sole discretion, toreject any or all proposals or expressions or interest in the building, and toterminate discussions with any party at any time with or without notice.

If you do not wish to pursue negotiations leading to this acquisition, kindly return thisconfidential memorandum to Massey Knakal.

This Confidential Memorandum shall not be deemed a representation of the state ofaffairs to the property or constitute an indication that there has been no changein the business of affairs or the property since the date of preparation of thismemorandum.


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Best Inventory

On average, Massey Knakal exclusively lists 600+properties at any given time the largest inventory ofproperties in the New York City metropolitan area.More buyers and sellers choose to work with MasseyKnakal than any other firm for any size or type ofproperty transaction.

Best Territory Knowledge

The Massey Knakal Territory System assigns onlyone sales agent to represent property in a given area,making these agents superior real estate experts fortheir territory. The benefit to you is that our agentscan assist you with making a more profitable buyingdecision. You can be confident that a purchase madethrough Massey Knakal will be the right decision foryour needs.

Best OpportunityMassey Knakal treats all buyers fairly, which meansthat you will always have an equal opportunity topurchase a property. Since Massey Knakal onlyhandles exclusive listings, you will be able to getaccurate property information and up-to-the-minutestatus reports on the availability of all ourproperties. The benefit to you is that you will notwaste valuable time tracking properties that havealready been sold. Additionally, throughout the

purchasing process, you will always be treated withrespect and professionalism by our sales agents.

Massey Knakal: We Know New York City. Know Us.

THE MASSEY KNAKAL ADVANTAGE FOR BUYERS


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Offering Memorandum

22 Bond Street

Asking Price:Submit Proposals

EXCLUSIVE AGENTS:

MASSEY KNAKAL REALTY SERVICES275 MADISON AVENUE, 3RD FLOOR

NEW YORK, NEW YORK 10016(P) 212-696-2500(F) 212-696-0333

Caroline Hannigan

[email protected]

(x7708)

James Nelson

[email protected](x7741)

Mitchell Levine

[email protected](x7761)

David Fowler

[email protected]

(x7734)


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Table of Conten

Property Information

Property Overview

Proposed Renderings

As-Is Photograph

Proposed Floor Plans

Tax Map and LocationSurvey

Neighborhood Information

Neighborhood Character

Neighborhood MapAerial Map

Retail Map

Zoning Map

Zoning Description

Transportation Description

Bus Map


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erty Information

tion:

k/Lot: 530 / Partial 19 (1)

Size: 25'8" x 100' 1"(1)

(As Per Survey)

Size: 2,568 SF(1)

(As Per Survey)

lot will b e sub divided from 25 Great Jones Street which will b e sold separately b y Massey Knakal)

osed Bu ilding Information

es: 2 Includes Ground and Lower Level

nd Floor 2,567 SF (approx.)

er Level 2,591 SF (approx.)

s Square Footage: 5,158 (approx.) Includes Lower Level

ng M1-5B

oric District: NoHo Historic District Extension

ssment (2010/2011): 73,518$(2)

axes (2010/2011): 10,756$

North side of Bond Street between

Bowery and Lafayette Street.

(2)

current assessment and RE taxes encompass the entire lot 19, which includes 25 Great Jones Street. A projection has

made b ased upon 22 Bond Streets' SF percentage.

Submit ProposalsOwnership wi ll consider an outright sale or a build to suit

ormation contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be d. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as te, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

275 Madison Avenue Third Floor New York, NY 10016 212.696.2500 Fax 212.696.0333

www.masseyknakal.comTHE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER

cription:

proposed two level, 5,158 SF retail building is located on Bond Street between Lafayette and Bond Streets. Currently, the property is a 3 sng, but it will need to be redeveloped as air rights were transferred from it to 25 Great Jones Street. New plans have been appromarks for a one story building with 20 high ceilings.

proposed retail building is located in one of the most desirable downtown locations. The area is home to such notable fashion tenants a Rogan, John Varvatos and Blue & Cream. The property will also benefit from its proximity to the high end developments at 25 Bond

per Square Hotel, Ian Schragers 40 Bond Street, and the Bowery Hotel. Nearby hotel suites can go for as high as $650/night as seenery and Cooper Square Hotels.

site also benefits by its adjacent location to 25 Great Jones Street, a 25 wide contiguous 13 story, boutique hotel development which is avrately by Massey Knakal; it could be combined to enlarge the hotels food and beverage space if needed.

2 Bond Streettail Development Opportunity Adjacent to a Boutique Hotel

w York, NY

James P. [email protected]

212-696-2500 x7710

David [email protected]

212-696-2500 x7734

Caroline Hanniganchannigan@masseyknak

212-696-2500 x770

Mitchell [email protected]

212-696-2500 x7761

For further information or inspection please contact Exclusive Agents:


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Proposed Renderings (If Combined With 25 Great Jones Stre


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Proposed Renderings (If Combined With 25 Great Jones Stre


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Proposed Retail Elevation (If combined With 25 Great Jones Stre

Available separately through Massey Knakal

Included In This Offering


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Available separately through Massey Knakal

Included In This Offering



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As-Is Pho


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Tax Map and Locati

22 Bond Street, New York, NY

Tax Block: 530

Lot: 19 (Lot to be split from 25 Great Jones Street)Location: South side of Great Jones between Bowery and Lafayette Street.

Subject Property

25 Great Jones Street is available through Massey Knakal separately


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As Built Surv


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Neighborhood Character- NoH

22 Bond Street is located in NoHo which is roughly bounded by Houston Street on the south, the Boweand Third Avenue on the east, 8th Street on the north, and Broadway on the west.

According to New York Magazine NoHo, short for North of Houston, is home to an ever growing afflucommunity. The neighborhood is comprised of lawyers, bankers, and those who prefer the downtown stof living for its abundance of cultural amenities which can only be found here. Filmmakers and fashionisreside in renovated tenements, drawn by nightlife and shopping. Celebrities in the neighborhood include

likes of David Bowie and Lauren Hutton who live in airy conversions on Lafayette Street. The area hexperienced a resurgence over the last few years with high end rental developments by Avalon Bay, alowith boutique hotels and luxurious condominium developments. The area has seen a dramatransformation over the last three years into one with chic boutiques and European style cafes. Sugrowth creation especially on the high end luxury market has driven retailers to establish a presence in tarea. 22 Bond Street is centrally located and well positioned to capitalize from this growing trend.

NoHo has still maintained its quiet, "old-time" SoHo feel. New eateries like Double Crown, Freemans jold standbys such as IL Buco. Among many other significant buildings in the area are the architecturadistinct Puck, De Vinne Press, and Bayard-Condict Buildings. NoHo is a mecca for dinning, entertainmeand the likes. Lafayette Street and the surrounding areas host several Off-Broadway shows and theat

which include The Public Theater, The Astor Place Theater, Joes Pub, and the Amato Opera.


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Neighborhood Character- No

HOTELS

Since its opening, The Bowery Hotel, which is the latest venture from the creators of the MaritimeHotel, continues to attract locals as well as tourists. The Super-luxe Cooper Square Hotel whichrecently opened, promises to redefine downtown luxury living with high end appointed finishes whileproviding top notch amenities for its guests. These hotels cater to exclusive clientele and enjoyextremely high occupancy rates year round and will undoubtedly drive foot traffic surrounding the

retail property.

RETAIL

Noho has become one of the leading sources of creativity for the fashion and retail industries as well aall forms of designer merchandise. Soaring rents in midtown along Madison and Fifth Avenue continuto drive retailers south to the Noho area in search of lower rents. In fashion, John Varvatos, Blue Cream, and others can be spotted on a casual walk through the neighborhood.

EDUCATION

New York Universitys campus is centered around Washington Square Park, a short walking distancfrom 22 Bond Street. Many teachers and students are housed in the surrounding area and the NYBus can be seen regularly making its way down West Broadway, across Spring, down Broadway or uLafayette. The school has an enormous influence on New York City and the Noho and SoHo area particular. The Drawing Center serves the artistic community and the Open Center offers numerounon-traditional courses.


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Neighborhood Character- No

SCHOOLS

Families attracted to the area will benefit by the variety of schools and activities for their children. Publicschools for the area include the highly rated PS130 for elementary school and PS 65 for Junior HighPrivate school options for children include The City & Country Day School, Little Red School House, andthe Grace Church School.

RESTAURANTS

Older original restaurants include Il Buco which opened in 1994, and quickly became an in-the-know

favorite. Excellent fare is available on every corner, as some of the citys most talented chefs have beenbrought into the area. Noteworthy restaurants include Five Points, Peasant, Bond Street Sushi, Double

Crown, Freemans, and Gemma. One of the most exciting new openings was the arrival of worldrenowned and 4 Star New York Times rated chef Daniel Boulud. Mr. Boulud opened DBGB in 2009, this

casual yet elegant eatery is located at 299 Bowery and is be designed for adults who appreciate greatfood and wines in a comfortable setting with a downtown vibe.


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Neighborhood Ma

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Retail M


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cember 18, 2008 -- THE Bowery's reputation is well-known. Originally a bucolic country lane leading to Peter Stuyvmhouse, the street took a downhill slide some 150 years ago and has been an international byword for hard living ever since.gs, brothels, flophouses, Joey Ramone - at one time or another, the Bowery has played host to them all. Of the many Maas to have transformed over the last decade, the Bowery has to rank among the unlikeliest. Transform it has, though. Homlters like the century-plus-old Bowery Mission still dot the street, and lighting and restaurant supply stores still dominate thene, but gentrification is most definitely on the march. Recent arrivals in the area include Ian Schrager's 40 Bond condo bere units have fetched more than $3,000 per square foot), the celeb-friendly Bowery Hotel, the New Museum, the Double taurant and the John Varvatos store in the former CBGB space. These newcomers join the Avalon Chrystie (with its Whole Avalon Bowery developments (with a planned Veselka restaurant), two rental buildings with studios starting at $2,60rooms at $3,550 and two-bedrooms at $5,100. And the much-anticipated Cooper Square Hotel just opened last week. Mia

geles star chef Govind Armstrong's Table 8 restaurant will open in the hotel early next year. Yes, the Bowery is booming. Pruuglas Elliman broker Rob Gross has worked in the area for more than 20 years. He remembers selling real estate on the Bowearly '90s, returning on some occasions from showing apartments to find his car broken into. "It was definitely off the grid a b

n," he says. Today, Gross is handling the new Bowery and Bleecker development - a three-unit building of floor-through condt includes an 1,862-square-foot penthouse with a private roof deck that's listed for $3.1 million. With Poliform kitchens, 5sma-screen TVs and prices starting at about $1,500 a square foot, the building is a world away from the formerly dodgy B

d this project isn't an isolated case. Bond Street just west of the Bowery has become a regular menagerie of upscale develoh high-end buildings like the Deborah Berke-designed 48 Bond (about $1,700 per square foot) and 25 Bond (about $2,1are foot) joining Schrager's building to create one of the city's priciest blocks. At 211 Elizabeth - a new 15-unit building one

st of the Bowery below Houston - the penthouse unit set a neighborhood record earlier this year when it sold for roughly $3,2are foot.Then there's 52E4, a new 15-unit building on the Bowery between Third and Fourth streets that counts the musicianong its buyers.

wyer Bruce Bernstein recently purchased an apartment in the development (where prices have averaged about $1,850 per t), scheduling an appointment to see the building the same day he discovered it online and quickly making an offer on room. Currently renting on the Upper East Side, Bernstein wasn't especially familiar with the Bowery, but he's since come tofuture area's ever-expanding offerings. "There are a lot of new bars and restaurants coming up," he says. "The Bowery Hotel

xt door. It's a great area, and it seems to be growing even more. And while the Bowery hasn't escaped the real estate slumdit crisis untouched, it's remained a relatively strong performer, Gross notes. "Given that the market is challenging right now

Bowery and Bleecker] has been pretty steady," he says. "I'm showing that more than anything else. Core Group Managing director Fredrik Eklund, who's representing 52E4, has seen similar interest. "This is the building we have the most trafsays, noting that roughly half of the development's apartments sold during this summer's slow sales market. On the market s than a year, the building is sold out save for two two-bedroom units (going for $2.3 million and $2.4 million)., of course, that the Bowery is for everyone. As Eklund admits, recent changes aside, the street still retains a bit of its famu see very few families down here," he says. "It's not a quiet tree-lined street. It has the drama, the rock 'n' roll history, but it'

ditional family neighborhood. And for some brokers, the street's name still seems to call up unpleasant associations they'd n their properties do without."I'm not sure if we're really . . . appropriate for a story about the Bowery," replied one agent in resn inquiry about her condo building in the area.

netheless, the thoroughfare's transformation continues. "The Bowery is one of the last areas in New York to experience a smic shift," says self-storage magnate and neighborhood developer Adam Gordon. "It's an interesting bridge neighborhood. It'x of NoHo, SoHo, the East and the West Village. There are few places that have the access that this neighborhood does. G

ns a plot of land just off the Bowery at 41 Bond St., which he plans to develop as an eight-unit luxury condo building onncing environment improves. He also owns the Bouwerie Lane Theatre building at the corner of Bond and Bowery, part o

s recently turned into three condos. One apartment is reserved for Gordon himself, and he plans to put the other units - aare-foot triplex penthouse and a 2,500-square-foot full-floor apartment - on the market in March. Also coming to the once

eet: a new five-unit residential building at 263 Bowery from developer Shaky Cohen, a 152-unit luxury rental building at 2 Cuare, a Lord Norman Foster-designed gallery building at 257 Bowery and restaurants from Keith McNally and Daniel Boulud. oper Square Hotel, however, that provides perhaps the best metaphor for today's Bowery. Because two residents of the apading next door at 27 Bowery refused to give up their units, the hotel was forced to build around them and incorporate their b its design. And so at the northern end of the street, there sits an old brick tenement building that from the sidewalk looks

re being swallowed up by a sleek, glassy high-rise hotel. It's old versus new - and these days new would seem to have thed. Or, as Gordon says when asked if he fears the loss of old, edgy Bowery he once knew, "I don't think it's fear. It's an inevit

rdon adds: "I don't pine for the Bowery of 50 years ago. It was a hole."more.

ADAM BONISLAWSKI

AKE A BOWERY


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Aerial M

22 Bond Street

25 Great Jones Street is available through Massey Knakal for purchase separately

Subject Property


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Great Jones Day S

2 Bond Street is located around the block from the famous Great Jones Spa.

n excerpt from www.greatjonesspa.com:

Great Jones Spa, we believe in the power of intention. Every inch of our sanctuary is a reflection ofssion statement: our passion is to inspire health and happiness through wholeness and balance. We h

ainstakingly and lovingly created a haven for your comfort, to inspire optimal wellness from the inside-veryone that steps inside our doors quickly learns that health and beauty are inextricably linked. You mmply come in searching for a youthful elixir but youll go home with far more than you expected.

reat Jones Spa philosophy is based on eastern concepts of spiritual harmony and balance. After extens

search of cutting edge and ancient natural therapies across the globe, weve designed our menueatments to create a distinctive experience for our clients. The body is meant to self-correct, but our hanvironment often blocks our innate ability to heal ourselves. From stress, to chemical toxins, to lack of slecalibration is a necessary fact of life. At Great Jones Spa, we teach our clients to regain their nat

alance through our water cure and a multitude of luxurious, relaxing treatments. It goes without saying of our products are pure, natural, environmentally-friendly, and sourced with your good health in mind.

veryone that youll meet at Great Jones Spa is trained to promote your wellbeing, from the front desk staur skilled esthetician. Inner balance promotes true beauty, and we all strive to make sure your experienc

eal, stress-free, and perfectly relaxing. Our regular clients often tell us that a few hours at Great Jones the equivalent to a weeklong vacation. Our stunning spa facilities, including the breathtaking 15,000 squ

ot, 3 story waterfall, are a wonder to behold. Once you enter our doors, all you encounter is pure bend serenity.

ur spa is a refuge from the world outside. Come in, get centered, and reset your mind and body terfectly harmonized pitch.


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Zoning Informatio

New York Citys zoning regulates permitted uses of the property; the size of the buildingallowed in relation to the size of the lot (floor to area ratio); required open space on the

lot, the number of dwelling units permitted; the distance between the building and thestreet; the distance between the building and the lot line; and the amount of parkingrequired.

22 Bond Street is zoned M1-5B

The following pages further explain this zoning.

22 Bond Street


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Zoning Informat


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Zoning Informat


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Bus

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Transportation Descripti

Besides the diversity of services and amenities located in the immediate vicinity 22Bond Street has excellent access to major transportation facilities. The Bleecker

Street and Broadway-Lafayette subway stops are within easy walking distance,

providing access to all areas of Manhattan, and to the Bronx, Brooklyn, and

Queens.

By car, there is relatively easy access to the Holland tunnel to New Jersey, and the

Brooklyn-Battery tunnel to Brooklyn. The area is equally accessible to Newark and

LaGuardia airports.

massey knakal listing

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