THE CONDO BOOK PROJECT

Bond Street Lofts Condominium

57 Bond Street, Manhattan, NY 10012

Compare

Overview

Units
10 residential · 2 commercial
Subway
3 min walk to Broadway-Lafayette St/Bleecker St 6 B D F M2 Av F, 4 min
Principals
Kenneth S. Horn, Gerald R. Davis, Joel Breitkopf, Gary Rudakov
Common charges
$982–$1,499 a monthSponsor's first-year estimate in Schedule A, June 1, 2003 through May 31, 2004
Offering price
$18.9 million total

The sponsor of record is Bowery/Noho LLC, represented by Sonnenschein, Sherman & Deutsch, LLP. The offering plan runs 253 pages. The sponsor has filed 1 amendment, the latest in August 2002. The nearest other condo plan on file is 324 Bowery Condominium, next door.

Plan CD020053 · New · accepted Jul 17, 2002 · AG record ↗

Compare

FigureThis building1Solita216 units · 0.5 miaccepted 200158 Thomas35 units · 1 miaccepted 2002
Average Offering PricePer Apartment$1.54MAbove peers$1.41M$1.27M

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Solita and 58 Thomas, cited to the offering plans. No credit card required.

Create a free account
How We Got This
  • Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in Schedule A10 of 10
Closing prices vs. Schedule A8 homes: $12,020,441 at closing against $11,850,000 in Schedule A (p. 18)+1.4%
Average closing price7 homes, on their Schedule A square feet$769 / SF
Closingsfirst and latest recordedOct 15, 2003 – Nov 1, 2004

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2026: 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 12 closings
HomeRecordedClosing priceSchedule ADifference
4 WestOct 15, 2003$1,501,919$1,475,000 p. 18+1.8%
4 EastOct 21, 2003$1,537,558$1,510,000 p. 18+1.8%
2 WestOct 23, 2003$1,822,668$1,790,000 p. 18+1.8%
3 WestOct 27, 2003$1,369,546$1,345,000 p. 18+1.8%
3 EastOct 28, 2003$1,440,824$1,415,000 p. 18+1.8%
2 EastOct 29, 2003$1,563,014$1,535,000 p. 18+1.8%
5 WestNov 5, 2003$1,359,364$1,335,000 p. 18+1.8%
5 EastJan 14, 2004$1,425,550$1,445,000 p. 18−1.3%
6EASTMar 30, 2004$1,730,500——
6WESTJul 15, 2004$1,705,569——
COM-ENov 1, 2004$1,689,610——
COM-WNov 1, 2004$1,607,190——

Pro

Closings are for subscribers

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

Subscribe to seeAlready a member? Sign in

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
Bowery/Noho LLC
Principals
Kenneth S. Horn, Gerald R. Davis, Joel Breitkopf, Gary Rudakov
Tax estimate
Mishkoff Associates, LLCPrepared the first-year real estate tax projection
Construction lender
Corus Bank

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

Nearby