41 Bond Street is latest Noho condo asking more than $2K per square foot

TRD New York /
Jun.June 02, 2011 12:29 PM

Another Condominium Development Along Bond Street in Noho began marketing units last week, and like its neighbors, 41 Bond Street is demanding more than $2,000 per square foot, according to the New York Post (see newly released photos above). The 10-story, seven-unit building with a bluestone exterior was designed and developed by DDG Partners and has two-floor units at the base of the building and the top of the building, each with more than 1,500 square feet of outdoor space. Meanwhile the remaining five units range from 2,600 to 5,400 square feet. “We’re priced in the mid-$2,000s per square foot,” DDG CEO Joe McMillan told the Post. “And we’re raising prices right now.” Though the Post noted that raising prices before landing a sale is unconventional, it points to the pricing at 25 Bond Street, 54 Bond Street and most notably, 40 Bond Street, which sits across the street from 41 Bond Street and is asking $3,500 per square foot, as reason to be optimistic. The lot at 41 Bond Street once had two four-story buildings that were demolished by owners who bought the property in 2007, according to the Post. But the owners abandoned the project during the recession, and public records show DDG purchased it for $9.05 million in 2009. Corcoran Sunshine Marketing Group is exclusively handling sales at the project. [Post]


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