Bond Street Townhouse, Home of Scrap Metal Shop, Hits the Market for $13M

Posted on: June 21st, 2017 at 5:06 am by

It’s an oasis of refuse on a block scraped clean and sanitized with upper-crust wealth. A cluttered workspace that resembles something out of high school shop class. But for how much longer?

D&D Salvage – a scrap metal dealership – has heretofore survived the transformation of Bond Street into a glitzy pathway dominated by multimillion-dollar condo developments. There it sits, an island unto itself, as a reminder of the area’s rough-and-tumble past.

The family-owned and operated business at 51 Bond dates back to 1953. According to public record, the proprietors – the Raimondo family – has held the deed on this property since at least 1967. And now it seems like they’re ready to cash out.

See that tiny leasing sign dangling from the fire escape? Yep, this historic townhouse is currently for sale. The property hit the market last month via Paley Dixon, Inc., and according to Streeteasy listing, the asking price is $13 million. The brokerbabble makes clear that all floors can be delivered vacant, which means D&D Salvage probably won’t survive any transition.

Rare opportunity to own an entire Bond Street building in NoHo. This townhouse is currently configured as mixed use allowing a purchaser the potential for retail, commercial and residential use. The property does require substantial investment, yet it is truly a diamond in the rough on one of the most exclusive streets in one of the most desirable downtown neighborhoods. Although asking near $2,400psf condos in the immediate areas have sold at substantial premiums to that price. Property can be delivered with ground, 2nd ad 5th floors vacant.

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