Manhattan Building · 2007
40 Bond Street
40 Bond Street, New York, NY 10012

40 Bond Street

40 Bond Street, New York, NY 10012

At a glance
Year built
2007

40 Bond Street is Herzog & de Meuron's first US residential project — and Pritzker-winning Swiss firm's only NYC residential of this scale. Per Carter Horsley: "a modern landmark."

The structural identity rests on three features. First, the Herzog & de Meuron architectural pedigree — the Pritzker-winning Swiss firm's first US residential commission, with a facade "a reinvention of the cast-iron building found through NoHo and SoHo." Second, the 140-foot cast-aluminum graffiti gate — a sculptural reference to the urban context (described by one critic as "as if it's a wet cast iron skeleton dipped in sugar"). Third, the Ian Schrager developer-as-owner anchor — Schrager bought the triplex penthouse for $14.9M in June 2008.

Recent sales

CityRealty avg ~$3,181/sf recent. Ian Schrager bought the triplex penthouse for $14.9M in June 2008. Subsequent secondary trades typically in $5-15M range for full-floor units; townhouses trade rarely and at premium. Many transactions are off-market.

What to know if you’re buying

The Herzog & de Meuron Pritzker-winning architectural pedigree is real institutional context. Firm's first US residential project.

The 140-foot cast-aluminum graffiti gate is structurally distinguishing.

The Ian Schrager developer-as-owner anchor is real institutional context.

The 33-unit configuration (27 + 5 townhouses + crown penthouse) is structurally varied.

The bottle-green glass mullion grid is real architectural-history credential.

The CityRealty 93 rating (tied #1 NoHo) is marketable institutional context.

Comparable buildings

The Roebling Team at 40 Bond Street

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Corey Cohen · The Roebling Team at Compass 646.939.7375 · c.cohen@compass.com


Sources: CityRealty (Carter Horsley review, building 31941); herzogdemeuron.com (project 253); The Real Deal, June 26, 2008 (Schrager penthouse purchase); Handel Architects project page; NYC Department of Finance recorded transfers.

Considering a transaction at 40 Bond Street?

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Corey Cohen · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com