The Real Deal New York

Bond New York snags new offices as the brokerage expands

The firm inked two deals for bigger locations
By Meenal Vamburkar | October 25, 2018 02:30PM

810 Seventh Avenue & 324 East 86th Street with Bruno Ricciotti (Credit: Guest of a Guest)

Outgrowing its space — and eyeing more expansion — Bond New York is upgrading its offices.

The brokerage is moving from its three-floor space at 1776 Broadway to the whole 39th floor at 810 Seventh Avenue, the company said in a statement. The deal boosts Bond’s headquarters to 17,320 square feet from 14,000 square feet.

The Midtown office will have separate areas for sales and rentals and include a 1,400-square-foot presentation center, according to the statement. All 250 agents and corporate staff at 1776 Broadway will relocate to the new office, which is slated to open by December.

“It’s been a desire of ours for a while,” said co-founder Bruno Ricciotti, adding that the firm has been outgrowing its existing location. “I’ve been working on this for over a year.”

The company also plans to hire roughly another 30 agents, Ricciotti said.

Bond signed a six-year lease at 810 Seventh Avenue at $75 per square foot. Landlord SL Green Realty was represented by Cushman & Wakefield’s Barry Zeller, while the brokerage represented itself. The prior tenant was the merchant bank Raine Group, which is decamping for Equity Office’s 65 East 65th Street.

Bond also inked a 10-year lease at 324 East 86th Street. The 5,000-square-foot space on the Upper East Side formerly housed a Mattress Firm. Bond again represented itself in the deal — while landlord 324 E 86th Street LLC was represented by Milsmith.

The UES office is poised to open in January and will have about 80 agents, the company said.

In addition to the main corporate office and UES location, Bond also has offices in Union Square, Chelsea and Upper Manhattan. The firm, founded in 2000, made its foray into Upper Manhattan in 2016, with the acquisition of Harlem-based firm Absolute Properties.