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Developer Sells Bond Street Penthouse for $14.2 Million

We got a peek inside developer Don Capoccia's penthouse at his own 48 Bond Street late last year, when he put it on the market shortly after listing his other penthouse at Schaefer Landing. We get it. Sometimes you just need a fresh start! Both penthouses went into contract in February, and the 48 Bond property has sold, the Observer reports. It was initially asking $13.25 million, or $15.85 million with the optional three-car garage. The buyer wanted that garage, and the total sale price worked out?at $12,008,625 for the apartment and $2.2 million for the garage?to a little more than $14.2 million. The buyer, Bond 48 LLC, is choosing to remain anonymous.
While we're at it, let's close the loop on Capoccia's Schaefer Landing pad. The place was initially listed for $1.65 million, a loss from the 2006 sale price of $1.875 million. And Capoccia ended up having to take a bit more of a haircut: the final price was $1.55 million. The buyer appears to be an Alabama cardiologist. Stressful job, so we can understand the need for some poolside relaxation.
· Capoccia Cashes in as Last bond Street Penthouse Snapped Up at Discount [NYO]
· Another Developer's Bond Street Penthouse Now Up for Grabs [Curbed]

Schaefer Landing

440 Kent Avenue, Brooklyn, NY