Capoccia Cashes in As Last Bond Street Penthouse Snapped Up at Discount

Once upon a time, the quaint cobblestone lane of Bond Street in Noho was the epicenter of the city’s condo boom. From 25 to 40 to 54 Bond, lofts new and old were built and sold out, a crush of cast iron and starchitecture. But when the market crashed, it left the street with a surfeit of penthouses–a terrible problem to have!

In the last few months, these regal spaces have been snapped up. Joining Ian Schrager, happily ensconced atop his 40 Bond masterpiece, were Will Smith, renting at 25 Bond while he films Men in Black 3, and a French financier,
who took the top of the old Bouwerie Lane Theater
at 54 Bond.

Now, Don Capoccia, who developed the Deborah Berke-designed 48 Bond Street, has sold the penthouse there for $14.2 million, according to city records.

It was a very quick sale, coming on the market in December and going into contract in February. The original asking price was $15.85 million, accounting for a 10 percent discount for a mystery buyer. Listing agent Jay Schneider declined to comment and Corcoran‘s Carrie Chang could not be reached.

The penthouse is bigger than many suburban compounds, with 1,600 square feet of outdoor space surrounding the 5,000-square-foot 10th- and 11th-floor duplex. Not enough room? There is a 1,441-square-foot parking garage and a private pool. “This is truly an exquisite home boasting beautiful Brazilian walnut floors, automated shades, Crestron audio system, 10.5’ ceilings & central air,” wrote Ms. Chang in her listing. Oh, and it has one of those outdoor showers–the ultimate in New York City showmanship.

Will we ever see a block like this again?

SLIDESHOW: 48 Bond Penthouse. >>

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