The Real Deal New York

Final unit at 41 Bond St. closes, sells to developer

March 22, 2012 08:45PM
By Zachary Kussin

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From left: DDG Partners CEO Joe McMillan and the model unit at 41 Bond Street

The final remaining sponsor unit, a townhouse duplex at 41 Bond Street, a seven-unit, 10-story Noho condominium building developed by DDG Partners, has closed in a $5.1 million sale to DDG Partners, according to public records filed with the city yesterday.

DDG Partners, whose CEO is Joe McMillan, plans to convert the raw, 3,600-square-foot townhouse duplex – which comes with 14-foot ceilings, two fireplaces and heated floors, plus a private 2,000-square-foot backyard. When complete, the unit will have three bedrooms and 3.5 bathrooms, according to a spokesperson for the project.

The sale closed Dec. 30, 2011, not long after the building’s first unit closed. Sales first launched in June.

The unit itself was never publicly listed, as the developers didn’t want to put the townhouse on the market until it was ready to be seen, the spokesperson said. The developer says it wants to hold onto the unit for now and will decide its use in the future. In the meantime, the spokesperson said some residents have begun to move in to the 10-story building, though no specific number was available.

The seven units range in size from 2,592 square feet to 5,200 square feet, with closing prices from $5.1 million to $8.2 million. Four have three bedrooms and 3.5 bathrooms, and the duplex penthouse has two bedrooms and three bathrooms. There is also a 5,200-square-foot duplex — the biggest unit in the building – that is still raw. Corcoran Sunshine Marketing Group handled sales at the project for all units except for the townhouse and the 5,200-square-foot duplex.

The building, between Lafayette Street and the Bowery, shares the same block as boom-time hot projects 40 Bond Street, 48 Bond Street and 25 Bond Street.

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