THE CONDO BOOK PROJECT

41 Bond Condominium

41-43 Bond Street, Manhattan, NY 10012

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Overview

Units
7 residential
Subway
3 min walk to Broadway-Lafayette St/Bleecker St 6 B D F M2 Av F, 5 min
Principals
Christopher J. Prokop, Joseph A. McMillan, Jr., John C. Keeler
Average $/sf
$2,218Homes in Schedule A, as first offered
Common charges
$4,031–$10,091 a monthSponsor's first-year estimate in Schedule A
Offering price
$48.3 million total

The sponsor of record is Ddg 41 Noho LLC, represented by Goldfarb & Fleece LLP. The offering plan runs 364 pages. The sponsor has filed 4 amendments, the latest in December 2011. The nearest other condo plan on file is 40 Bond Street Condominium, next door.

Plan CD100301 · New · accepted Mar 16, 2011 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A7 of 7
Closing prices vs. Schedule A7 homes: $44,585,903 at closing against $48,325,000 in Schedule A (p. 31)−7.7%
Average closing price7 homes, on their Schedule A square feet$2,046 / SF
Closingsfirst and latest recordedNov 16, 2011 – Dec 30, 2011

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2025: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 7 closings
HomeRecordedClosing priceSchedule ADifference
2Nov 16, 2011$5,498,550$5,025,000 p. 31+9.4%
3Nov 30, 2011$5,345,813$5,250,000 p. 31+1.8%
4/5Dec 5, 2011$7,207,378$11,300,000 p. 31−36.2%
6Dec 7, 2011$6,160,413$6,050,000 p. 31+1.8%
7Dec 13, 2011$7,076,838$6,500,000 p. 31+8.9%
PenthouseDec 23, 2011$8,196,913$8,050,000 p. 31+1.8%
1Dec 30, 2011$5,100,000$6,150,000 p. 31−17.1%

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Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Ddg 41 Noho LLC
Principals
Christopher J. Prokop, Joseph A. McMillan, Jr., John C. Keeler

From our research: Do NYC Developers Rehire the Same Firms?

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