When Baron of Bond Street Adam Gordon first listed the Bouwerie Lane Theater, the cast-iron landmark at Bowery and Bond so beautiful it makes our heart weep and our loins burn, it was as a single-family mansion priced at $36 million (he bought it for $15 million in 2007). This was one month after Lehman Brothers fell, marking the beginning of an era when $36 million downtown dream houses suddenly fell out of favor. Gordon pulled the listing, regrouped, and devised a new plan: carve the building into three condos, and market them individually. Architect Steven Harris was enlisted for the job?a job that is now complete. Ladies and gentlemen, behold the new Bouwerie Lane Theater! You've been saving up, right?
First let's focus on the blockbuster penthouse, revealed in the photo gallery above. It's a 4,863-square-foot duplex with a private rooftop garden (complete with full kitchen and terrace dining areas) and a big-time $16.5 million price tag. That's more than Gordon paid for the entire building, but that was before the space was molded into 3BRs and 3.5BAs and dressed in fancy attire. The price-per-square-foot, for the curious, is $3,392?not including all that outdoor space. Now, on to the rest.
The other two condos in the building (built in 1874 as the Bond Street Savings Bank) are identical twins: 2,274-square-foot floor-throughs with 2BRs, 2.5BAs and asking prices of $5.8 million. That brings the combined asking price of the three units to $28.1 million, a ways off from that initial $36 million going-rate. The smaller two apartments are asking $2,550/sf, on the high side considering the recent struggles of other incredible and historic downtown buildings sliced and diced into three super-expensive apartments. Still, this is quite the trophy on the new-look Bowery. Open house Sunday!
· Listing: 54 Bond Street PH [Corcoran]
· Listing: 54 Bond Street #3 [Corcoran]
· Listing: 54 Bond Street #4 [Corcoran]
· Bouwerie Lane Theater coverage [Curbed]