Condos Closing at Ian Schrager's 40 Bond

A year and a half after sales started, almost half the residences at 40 Bond Street have been sold.

Eleven units have closed at Ian Schrager and Aby Rosen’s highly anticipated condominium project, according to city records. The seller on these deals has been listed as 40 Bond Street Partners, LLC, and the closing prices range from $2.8 million to $10.5 million.

The development has 28 units total, but four have been combined into two mega-units, according to the sales office. The residences went on the market in early 2006.

Bond Street is rapidly becoming a condo haven. Accompanying 40 Bond on the same cobblestone block is the Deborah Berke-designed project at 48 Bond Street. And, as The Observer reported in June, self-storage king Adam Gordon purchased 41-43 Bond Street and has plans to develop a nine-story Steven Harris-designed condominium at the location.