48 Bond Street
48 Bond Street, New York, NY 10012
NoHo
BBL 1005300044 · BIN 1087957
- Year built
- 2008
- Type
- Condop
- Units
- 17
- Floors
- 11
- Landmark
- Designated
- Financing
- Minimum 20 percent down (up to 80 percent financing), per the building's documented terms
Every recorded sale at this building, 2008–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,644
- Listing discount
- 1.0%
- Recorded sales
- 36
- On record
- 2008–2025
48 Bond Street is the Deborah Berke building on NoHo's marquee residential block — a quietly rigorous piece of architecture whose canted granite bays have made it one of the more recognizable facades on a street full of them. Built ground-up in 2008 on a former lumber-yard parcel, the building wraps a flamed charcoal-grey granite skin around a seven-story base, then sets its upper floors back behind floor-to-ceiling glass. The signature is the geometry: bay windows that cant downward and project outward, catching light and view at angles the block's flat-fronted neighbors cannot. It is restrained where Bond Street can be flamboyant, and that restraint is precisely its appeal.
The building's ownership structure is unusual and worth understanding from the outset. Rather than a conventional condominium, 48 Bond is organized as a cooperative with condominium-style rules — a condop — and it sits on a land lease, meaning the building owns its structure but leases the land beneath it. Residences are bought and sold like any other for-sale home, and the building has a genuine, active resale market; but the land-lease ground rent is a permanent feature of the carrying cost, and the condop framework shapes the approval and governance mechanics. Both deserve careful, early diligence — they are the defining structural facts of buying here.
What the building offers in return is amenity depth rare for a boutique downtown building: a roughly sixty-foot salt-water lap pool under a sculpted ceiling, a fitness center, a steam room, and bike and laundry rooms, behind a part-time concierge entrance with a street marquee. On a block defined by architecture, 48 Bond pairs a serious design pedigree with a serious amenity stack — a combination that sets it apart from the smaller, amenity-light buildings nearby.
Architecture and unit composition
Deborah Berke & Partners designed 48 Bond as an exercise in disciplined geometry and tactile material. The flamed charcoal-grey granite facade is heavy and matte where much of the block is glassy; the canted bay windows — slanting down and pushing outward — give the elevation depth and movement, and give the interiors angled light and framed views down the cobblestone street. The base rises seven stories to the building line; above, the massing steps back behind floor-to-ceiling windows, a move that both respects the NoHo Historic District Extension's contextual scale and creates the building's upper-floor light.
The residences were configured two per floor, with ceilings around ten feet, in a building marketed at seventeen homes at conversion — three of which the developer combined into a private triplex penthouse, which is part of why city records carry a lower unit count today. Layouts range from one-bedrooms to large family floors, with the penthouse at the top. Outdoor space is limited — the design favors the sculpted facade over balconies, with only a few small terraces on select residences and no common roof deck — so the building's lifestyle case rests on its interior amenities rather than private outdoor rooms.
Building operations
48 Bond runs as an amenity-rich boutique building with a part-time concierge and an attended, marquee-marked entrance rather than a 24-hour doorman. The amenity floor is the differentiator: a roughly sixty-foot salt-water indoor lap pool beneath an undulating sculpted ceiling, a fitness center, a steam room, a bike room, and a laundry room. On-site parking is associated with certain residences, and building storage is available; washer-dryers are permitted in the homes.
The two structural facts that govern ownership are the condop framework and the land lease. As a cooperative with condominium-style rules, the building applies a board-approval and governance layer that is closer to co-op practice than to a pure condominium, and the documented terms include a minimum twenty percent down payment. The land lease means ground rent is a recurring, structural element of carrying cost, and the lease's escalation schedule and remaining term are central diligence items — they can move the economics materially over a hold period. Pets and pied-à-terre use are permitted. We confirm the financing terms, the maintenance and ground-rent figures, and the lease specifics against the documents on file during diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Management & transfer contacts
- Sublet policy
- Allowed; subtenant app $600
- Notable fees
- Co-op (17 units, Noho). Max financing 80%. Buyer app $650; credit $150; move-in/out $1,000 deposit; refinance $350
Recent sales
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Dec 30, 2025 | 4B | 2 BR · 2 BA · 1,551 sf | $2,500,000 | $1,612/sf | -7.2% |
| Sep 19, 2022 | 3B | 2 BR · 2 BA · 1,551 sf | $2,350,000 | $1,515/sf | -5.8% |
| May 19, 2016 | 7B | 2 BR · 1,551 sf | $2,600,000 | $1,676/sf | -13.2% |
| Aug 21, 2015 | 8B | 2 BR · 1,551 sf | $2,680,000 | $1,728/sf | -4.1% |
| Dec 16, 2014 | 4B | 2 BR · 1,551 sf | $2,500,000 | $1,612/sf | -16.5% |
| Aug 7, 2014 | 8A | 2 BR · 1,590 sf | $3,295,000 | $2,072/sf | +0.0% |
| Jul 19, 2013 | 2A | 2 BR · 2 BA · 1,512 sf | $2,625,000 | $1,736/sf | -2.8% |
| Nov 7, 2012 | 3A | 2 BR · 1,590 sf | $2,745,000 | $1,726/sf | +2.8% |
Market read. Most recent trades (2025) cleared a median $1,644/sf across 1 sale. Median listing discount 1.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00530-0044) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
Understand the land lease before anything else. The building sits on leased land, and ground rent is a permanent component of carrying cost. Read the lease's remaining term and escalation schedule closely with your attorney — it is the single most important variable in the building's economics and its resale pricing.
Know that this is a condop, not a condo. Ownership is structured as a cooperative with condominium-style rules. Expect a board-approval and governance layer closer to co-op practice, and documented terms including a minimum twenty percent down payment. We walk you through what that means for approval and flexibility.
Buy the architecture and the amenities. The Deborah Berke granite facade and canted bays are the building's identity, and the sixty-foot salt-water lap pool, fitness center, and steam room are an amenity depth rare for a boutique downtown building. These are the offsetting strengths against the structural complexity.
Price with the lease modeled in. The building's discount to fee-simple condos on the block is a land-lease and condop discount, not a quality discount. We model the full carry — maintenance plus ground rent plus taxes — so the comparison to neighboring buildings is honest.
Mansion tax cliffs apply at the larger homes. Full-floor and penthouse pricing crosses multiple thresholds. Run pricing through the Mansion Tax Calculator.
What to know if you’re selling
Lead with architecture and amenities, address the structure head-on. The Berke facade and the lap-pool amenity stack are genuine differentiators; the land lease and condop structure are questions every serious buyer will ask. Present the lease terms and the full carry clearly and early — transparency shortens the path to contract.
Price to the land-lease reality. Your comparables are other land-lease and condop buildings as much as the block's boutique condos. We position the home against the right comp set so the value case lands.
Same-building precedent and condition both matter. With a modest unit count, in-building sales are meaningful evidence, and each residence's light, exposure, and renovation level shape its place in the range. We assemble the apartment-level comparable set during pricing.
Comparable buildings
If you're considering 48 Bond Street, also evaluate:
- 40 Bond Street — Herzog & de Meuron's 2007 boutique condo on the same block; the starchitect benchmark (and a fee-simple comparison point)
- 25 Bond Street — 2005 boutique loft-style condo that sets the block's top-end pricing
- 41 Bond Street — DDG's bluestone full-floor condominium across the street; a direct design-and-tenure contrast
- 1 Bond Street — the landmarked 1880 Robbins & Appleton Building; the cast-iron loft alternative
- 43 Great Jones Street — boutique residential around the corner
- 285 Lafayette Street — NoHo loft condominium a block west
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across East Village + NoHo — read The Roebling Team Guide to East Village + NoHo.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at 48 Bond Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 48 Bond Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.