German company scoops up office and retail building from Paramount Group
Cara Investment GMBH has acquired 670 Broadway (AKA 0 Bond Street) in Noho from the Paramount Group for $130.5 million. The office and retail building spans 77,600 square feet, and is located Broadway and Lafayette Street.
Sound Smart: The building is currently 98 percent occupied, and Cara has no plans for renovations. Tenants include Bandier and Equinox Fitness, according to REW.
Flashback: Paramount paid $112 million for the property in 2015. It was previously known as the Brooks Brothers Building