What’s Going On at Schrager’s 40 Bond?

Gawker mentioned yesterday that sales at Ian Schrager’s new condo at 40 Bond Street have looked rather slow. Curbed today

Gawker mentioned yesterday that sales at Ian Schrager’s new condo at 40 Bond Street have looked rather slow. Curbed today notes that flippers of one unit have slashed its sales price. And the Wall Street Journal, also today, notes that Ricky Martin has bought in the building.

Sign Up For Our Daily Newsletter

By clicking submit, you agree to our <a href="http://observermedia.com/terms">terms of service</a> and acknowledge we may use your information to send you emails, product samples, and promotions on this website and other properties. You can opt out anytime.

See all of our newsletters

So, what’s going on, exactly? Are sales slow? Or are they fine?

Judging by the facts, they’re fine.

We talked this afternooon with Kirk Rundhaug, the Sunshine Group broker helping run sales at 40 Bond. He said 24 of the building’s 28 units have been sold; four remain.

Not bad, considering the slowing Manhattan sales market.

What’s Going On at Schrager’s 40 Bond?