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Cara Investment GMBH pays $130.5M for 670 Broadway

German company scoops up office and retail building from Paramount Group

GMBH’s 670 Broadway (Credit: Google Maps)

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

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