Look inside Idylls: Modular Lower East Side condos re-list as pricey rentals

Idylls at 193 Henry Street on the Lower East Side (Images via THINK Architects and Douglas Elliman)

Thursday, Feb 20, 2020 By CityRealty Staff, CityRealty contributor

As fun as it can be to read about hot neighborhoods and new architecture trends, some find it daunting to be the first to partake in them. Take 193 Henry Street: In the sharpest contrast to Lower East Side construction that has been in the works for years, the boutique condominium dubbed Idylls had its seven floors were stacked over the course of a speedy six days thanks to its modular design. The real estate and design communities eagerly watched the construction process, but the excitement appears to have died down upon completion.

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The building was designed by Brooklyn-based Think! Architecture and Design with a façade of brick, metal and glass, and the full-floor homes were given oversized windows to create living areas with plenty of natural light. Each apartment in the collection of five homes has two bedrooms and two full baths, and two of the residences have private terraces. All homes are reached by private keyed elevator entrance, and interiors offer white oak millwork with seven-inch plank flooring and ceiling heights of eight or nine feet. Kitchens are Italian made with white lacquer cabinetry, honed black countertops and come equipped with a Viking appliance package.

The master suite includes a walk-in dressing room and bathroom clad in Calcutta Gold tile from Porcelanosa with radiant heated floors, and European fixtures are in polished chrome. The second bath is set in white subway tile with a deep enameled steel bathtub and custom oak vanity. Additional features include central HVAC with zoned controls, a Lutron Caseta wireless light control system and an Electrolux washer/dryer.

Residence 4 floor plan via Douglas Elliman

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As of this writing, only two apartments in the entire condominium are on the market. Residence #3 is listed for $7,995/month - close to twice the neighborhood median rent, but this includes all utilities, including Wi-Fi and YouTube TV. Elsewhere in the building, Residence #4 is being offered fully furnished for $10,000/month.

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The property’s landscaped roof terrace and sun deck can be used for elegant or casual dining and entertainment with grilling and wide open views of the surrounding neighborhood. Idylls has a virtual doorman, audio/video entry and a building superintendent. However, the most highly coveted perk is its Lower East Side address near Seward Park, Essex Crossing, the East River waterfront, and popular restaurants and nightlife.

Between the downtown address, spaciousness and privacy of the apartments, and well-appointed interiors, the developers of Idylls went into the project with great optimism. However, owing to a glut of condo construction on the Lower East Side (looking at you, 815-unit One Manhattan Square), sales have been more sluggish than they would have liked. According to the latest amendments filed with the New York Attorney General's office, the total sellout price of the project has been reduced from an initial price of $14,345,000 to $13,984,500 (accepted in October 2019). Moreover, Idylls was developed in conjunction with a 10-unit modular building at the adjacent lot for 201 East Broadway, but there have been no further updates on this building.

Photo: CityRealty

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