Developer Ian Schrager Sells $14.9 Million 40 Bond Penthouse To Himself

The Real Deal: Hotelier and developer Ian Schrager bought the triplex penthouse unit at his celebrated 40 Bond Street [project] for $14.9 million.

The sale of the 8,500-square foot condominium was finalised on June 12, according to city records published today.

Schrager expects to move into the apartment, which includes a 4,000-square-foot terrace, in about a year, Men’s Vogue reported in May.

Schrager joined the ranks of other big-name developers who bought into their own projects. Stephen Ross, chairman and CEO of the Related Companies, bought a $30 million penthouse at the Time Warner centre.

More on>

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

home-us real estate