Ian Schrager’s 40 Bond A Renter’s Haven

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We’re not quite sure what to make of this one.

40 Bond, perhaps one of the world’s most anticipated luxury home projects, and spearheaded by Ian Schrager (who was the subject of a recent Haute Living cover story feature), is still not sold out after two years (the residential building features 32 units), and now news is spreading that StreetEasy currently is showing that five of the building’s units are active rental listings, including two of the five street-level townhouses, which feature backyards and private entrances through the graffiti gates.

One of the penthouses is currently on the market for an astonishing $45,000 a month, and might take until March to be completed. Another, listed at a slightly less exhorbitant $39,000 per month, features hardwood floors, though its “backyard” is a little barren, to say the least (visit the Curbed link to see just how lacking it truly is — we’ll give you a hint: it’s a lot less green than the above photo.)

Schrager, who is well known for creating legendary New York nightclub Studio 54 with his late partner, Steve Rubell, also is responsible for the ultra-powerful Morgans Hotels Group, and enlisted the aid of famed Swiss architecture firm Herzog & de Meuron for the completion of the ultra-swanky 40 Bond.

One potentially good trend for Schrager: New York’s luxury real estate market appears to be unaffected by the inconsistent economy, and though 40 Bond hasn’t generated as many sales as it would like, it certainly has generated plenty of interest.

Via Curbed

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