Aby Rosen Purchased Women’s Shelter on Lafayette Street, Seeks Flagship Retail Tenant

Posted on: July 29th, 2015 at 5:12 am by
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Last fall, Aby Rosen hit the supermarket sweep, as it were, scooping up several properties across Manhattan for his RFR Realty portfolio. The spree even netted the iconic Germania Bank Building at 190 Bowery. Another property acquired around the same time was the active homeless women’s shelter at 348 Lafayette Street, purchased for $26 million. That transaction wasn’t finalized and recorded until earlier this month, though.

According to a listing on the RFR Realty website, Rosen and company will eventually renovate the hulking structure and lease to a “fashion house” or “single high-end tenant.” Wow. It’s being marketed as an opportunity for flagship retail or “boutique office tenants.”

Total SF
Retail Basement 3,000sf
Retail Ground 2,998sf
Retail Floor 2 3,944sf
Retail Floor 3 4,056sf
Retail Floor 4 2,079sf

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RFR Realty prefers to recognize the 11 Bond Street address here for obvious reasons. The rags-to-riches sidestreet is a downtown destination for luxury, and this baptism is no exception. Meaning, there’s not much room left for an operational 43-bed homeless shelter here anymore.

The Real Deal also reported on the sale.

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