The Real Deal New York

$20 million in sales at 48 Bond close

April 21, 2008 03:02PM
By Adam Pincus

The first seven sales at the swanky 48 Bond Street, a newly constructed co-op building, officially closed with the city last month, according to records posted by the Department of Finance today.

While the 11-story, 14-unit building, which was built by Gold Development, is sold out, the records offer the first glimpse into how much the units are going for. Sales for those units totaled $20 million with prices ranging from $1.9 million to $4.9 million.

The sleek, black granite-and-glass structure was designed by Deborah Berke & Partners Architects and marketed by Stribling.

It is one of several luxury buildings that has transformed the short street just north of Houston. The project sits next to hotelier Ian Schrager’s high profile and much-buzzed about 40 Bond and across the way from 25 Bond.
          
Residents began moving into 48 Bond a few weeks ago. A duplex penthouse unit is being reserved for the sponsor, according to the developers.

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