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Developer Buys Last Unit at 41 Bond for $5.1 Million

Our bluestone buddy at 41 Bond Street mostly sold out in a bit more than a month. Now the last unit's gone, too, for $5.1 million. Reps tell us the sponsor is hanging onto the place for now, and The Real Deal has a few other deets on the unit's future. The 3,600-square-foot duplex, currently raw space, will end up with 3BRs and 3.5BAs, and it's also got heated floors and a 2,000-square-foot backyard.

So how did the rest of the sales shake out? The average recorded sales price, according to StreetEasy, was $2,145/square foot, and the average ask was $2,341/square foot. The difference comes from the raw space sale of #4/5 at 36.2 percent below the ask?the rest of the units closed at the 1.8 percent above list price that indicates payment of transfer taxes. (The average sale was $2,450/square foot on the five non-raw-space deals.)
Developer DDG Partners is at work on another condo at 345 West 14th Street, where Jay-Z and Andre Balazs once tried and failed to put a hotel. Construction on the 37-unit building has topped out:

· Final unit at 41 Bond St. closes, sells to developer [Real Deal]
· 41 Bond coverage [Curbed]

41 Bond Street

41 Bond Street, New York, NY 10012 Visit Website