From left: Bruno Ricciotti, Bond’s commercial listing at 33 Canal Street and Frank Gerage

Boutique residential brokerage Bond New York is diving into the commercial real estate game and, appropriately, taking on new office space. The firm is in the process of leasing an additional floor at its Union
Square office at 21 West 19th Street to accommodate a new 10-agent
commercial sales and leasing division, according to Bruno Ricciotti, a
principal at Bond. The nine-year-old firm plans to lease a third floor of the building,
where it already has 3,300 square feet of space on two levels, adding
another 2,500 square feet and 67 desks, Ricciotti said. Since it launched in January, the new division has garnered some $70
million in commercial sales exclusives and has sold two mixed-use
buildings, said Frank Gerage, Bond’s new managing director of
commercial properties. Bond hired Gerage away from Coldwell Banker Hunt
Kennedy, where he was the commercial director, this winter. [more]