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Marketing has begun for the conversion of 151 Wooster Street to 12 residential condominiums and retail space.

The handsome, 8-story building is south of Houston Street on an attractive cobblestone street and currently has no cornice but renderings of the building indicate that it will have a large and handsome cornice. The beige-brick facade has arched windows on the sixth floor and a two-story rusticated stone base with stringcourses above the second, third and seventh floors.

Alfa Development, of which Michael and Izak Namer are principals, is the developer of the project, which will have 10 loft apartments and two penthouse units. Lee Skolnick is the architect.

The building will have a full-time doorman, gas fireplaces, barrel-vaulted ceilings and storage spaces. Apartments have their own central air-conditioning and heating, wood windows, 11-foot-high ceilings, recessed lighting, laundry room with Miele washers and dryers.

Three apartments are already in contract and there are 4 apartments with 3,007 square feet and three bathrooms each that are priced from $3,500,000 to $5,100,000. A 3,009-square-foot unit is priced at $5,100,000. A 3,224-square-foot unit with four baths and about 1,300 square feet of terrace is priced at $7,750,000 and a 3,913-square-foot unit with four baths and 2,821 square feet of terrace is priced at $9,750,000.

A June 3, 2007 article in The New York Times suggested that a mural uncovered during renovations on the eighth floor might have been painted, at least in part, by the late Jean-Michel Basquiat, adding that Michael Namer indicated he planned to move the work "off-site." The Paula Cooper Gallery was once located in the building.

Other projects by the Namers include the Jefferson Court Condominiums at 134 West 10th Street, 123 Sullivan Street, 136 Sullivan Street, 54 Spring Street, 65 Thompson Street, the Zachary at 125 East 12th Street and the Loft at 130 East 12th Street.
Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.