Months after the topping out of 242 Broome Street, the first condominium to go up in Lower East Side mega-development Essex Crossing, the building has opened to residents and reports over 65% sold. Closings have come in to an average of $1,998 per square foot.
The first closing recorded is #6B, a 3 beds, 3.5 bath that closed for $3,823,733 ($1,998 / ft²), which was 3.2% less than its last listed price of $3,950,000. Condo closings on the Lower East Side average $1,569 a foot as of July 2018, slightly down from recent months after a spate of record-breaking closings at 215 Chrystie Street came in earlier this year.
The first closing recorded is #6B, a 3 beds, 3.5 bath that closed for $3,823,733 ($1,998 / ft²), which was 3.2% less than its last listed price of $3,950,000. Condo closings on the Lower East Side average $1,569 a foot as of July 2018, slightly down from recent months after a spate of record-breaking closings at 215 Chrystie Street came in earlier this year.
In this article:
242 Broome Street circa July 2018 via Ondel/CityRealty
The 14-story, 55-unit building designed by SHoP Architects has attracted attention since the first renderings were revealed. The bends and angles in the champagne-colored, anondized aluminum design were inspired by classic Lower East Side fire escapes. Starting on the fifth floor, a slight westward twist of the building allows for dramatic views, excellent natural light, and maximum privacy.
Interiors by DXA Studio are rich in white oak, grey-veined marble, and warm-toned millwork. Kitchens are outfitted with custom walnut cabinetry, a full Gaggenau appliance suite, and Calacatta marble backsplash, countertops, and island. Master baths have Dornbacht fixtures, radiant heated floors, and custom vanities. Building amenities include a roof deck with grills and 360-degree Manhattan skyline views, an entertainment lounge with a dining area and catering kitchen, a state-of-the-art fitness center, and a children’s playroom.
Interiors via Douglas Elliman
Kitchen
Bath
As attractive as its amenities are, the most attractive feature of 242 Broome Street is its location in the heart of Essex Crossing. The International Center of Photography is opening on the lower levels of 242 Broome Street and recently made a deal for event space with Make It Nice hospitality group. Residents will receive a complimentary one-year membership to the museum as well as preferred access to its events, which will include openings and galas catered by Make it Nice.
Roof deck via Douglas Elliman
Elsewhere in Essex Crossing, the opening of The Market Line, which will span three city blocks and host more than 100 locally sourced vendors, is across the street. Residents will also have easy access to Trader Joe’s, Target, Regal Cinemas, Splitsville Luxury Lanes, and a 15,000-square-foot public park.
Remaining availabilities at 242 Broome Street start at $1.685 million for one-bedrooms, $2.725 million for two-bedrooms, $4.75 million for three-bedrooms, and $6.25 million for a three-bedroom penthouse with a private terrace. See all listings and coverage of 242 Broome Street here.
242 Broome Street via Ondel/CityRealty
242 Broome Street via Ondel/CityRealty
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Michelle Merritt
Michelle is a contributing writer and editor for real estate news in New York City
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