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Full Bondage: Here Come the Flippers at 40 Bond

Now that closings are in full-swing at Ian Schrager's recently revealed 40 Bond, the sad truth has become all too clear: Some buyers are just looking to profit off of 40 Bond, instead of making the trippy acid palace their superultraluxufabulous dream home! For shame, diabolical demons! But we digress. The truth is that two 40 Bond units have just turned up on the resale market, and we've got the scoop on both of them.

First up is Unit #4C, which closed on July 12 for $4.8 million, according to StreetEasy. The apartment has 3BRs, 3.5BAs and 2,637sqft of well-crafted Herzog and de Meuron space, and the pictures way up top?our first glimpses inside the actual units?come from this listing. But you don't care about any of that. Nope, you just want to know how much money the sellers are trying to squeeze out of a never-lived-in 40 Bond stone. So here it is: $6.295 million. Yep, they're shooting for a $1,495,000 profit for doing nothing more than signing some papers and checks. Will they get it? Tough call, but our gut says yes. Here's the Corcoran listing.

Somewhat less spectacular is Unit #5D, which was originally listed at $3.425 million before closing for $3.1 million on August 7, again per StreetEasy. The buyers?whose spiritual wedding in the Kingdom of Bhutan you can read all about here?also own unit #6A, which may be the one they're going to stick with. 5D is stated as 1BR and 2BAs at 1,269sqft, although it looks like a quarter of this apartment is taken up by one giant bathroom, crucial "wet room" and all. The asking price on this is $3.6 million, a quick $500,000 profit from whatever foreign businessman who buys this place as a swingin' pied-a-terre. Here's the Modlin Group listing.

And as special 40 Bond bonus, we'll also tell you that you can rent a 3BR unit for just $30,000/month!
· Backyard Bondage: Grillin' and Chillin' at 40 Bond [Curbed]
· Full Bondage: 40 Bond Scaffolding Down, First Tenant In?! [Curbed]
· 40 Bond [Official Site]

40 Bond Street

40 Bond Street, New York, NY 10012 Visit Website