Construction has officially topped out at the new mixed-use twelve-story building at 100 Norfolk Street in the Lower East Side. The 130-foot-tall structure will measure 53,949 square feet once complete, with 11,244 square feet of commercial space and 42,705 square feet designated for residential. Adam America Real Estate, the Naveh Shuster Group and Horizon Group are the developers behind the project while ODA New York are the architects responsible for the unconventional building design which hovers over its neighbors.
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The project was four stories tall back in June, making the construction schedule right on time for a early 2017 delivery. 100 Norfolk Street will house 38 condominium units, averaging a roomy 1,124 square feet apiece and ranging from studios up to a five-bedroom penthouse. Building amenities will include a fitness center, a yoga room, a common rooftop deck, a garden lounge, private residential storage, and bike storage.
Three units remain on the market ranging from a 745 square foot 1-bed/1.5-bath for $1.45 million to an eleventh floor, 3-bed / 3.5-bath unit for $4.4 million. The average price per square foot in the building of the 26 residences that hit the market is $1,841 per square foot. According to our latest monthly market data, the average closing price of a Lower East Side condo stands at $1,485 per square, roughly even when compared to the same period last year.
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Sandra Herrera
Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.
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