Take First Look Inside 75 First Ave.; Colonnade's Upcoming East Village Condo | CityRealty

Take First Look Inside 75 First Ave.; Colonnade's Upcoming East Village Condo

Take First Look Inside 75 First Ave.; Colonnade's Upcoming East Village Condo

By CityRealty Staff | From Future New York Tuesday, August 1, 2017

Renderings via Colonnade Group

Renderings via Colonnade Group

A long-planned condo development at 75 First Avenue is underway and its developers have published new renderings of its light-filled residences and amenity spaces. The future eight-story building will have 22 one- to three-bedroom homes, many of which will enjoy multiple exposures to the east, north, and west. Colonnade Group is the developer and secured permission to build lot line windows over the neighboring Rite Aid through a zoning lot merger.

Sales have yet to officially launched but will be handled by the Serhant Team of Nest Seekers International. HTO Architect is the project’s designer and drew up a fully-glazed building with a series of open spaces near the top. There will be a doorman, fitness center, tenant storage, and a common roof deck. The lounge and library space will have a fireplace and billiards table.

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75 First Avenue

75 First Avenue East Village

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Interiors are being handled by Stefano Farsura and depict the usual high-end affair of open layouts, floor-to-ceiling windows and marble kitchens and baths. One rendering shows a high-floor unit with a sculptural staircase and shelving below. Some homes with north-facing exposures will have far-reaching views over the East Village towards the Midtown skyline.

Average condo closing prices in the East Village have been on the upswing and are well above the Manhattan average. Per our data, the average closing price of an East Village condo stood at $1,796 a foot in July. Currently, there are just 37 condos for sale in the East VIllage and one-bedrooms average $1.35M and two-bedrooms average $1.912M. Prices remain high since there is a lack of new supply coming into the area. New condo developments include Steiner East Village, Thirteen East + West and 100 Avenue A.

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Progress at the site as of early July

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RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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