The Real Deal New York

New Condos: Soho
70 Greene Street

July 10, 2014 11:26AM

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70 greene

Condo conversion 70 Greene Street is a three-unit, five-story project that touts itself as “an uptown townhouse downtown.” The project, developed by Morabito Properties, is located between Spring and Broome streets amid some of the city’s most sought-out restaurants, boutiques and galleries. The building dates back to 1860, when it was both the residence and the storefront of a silk merchant; back then the neighborhood boasted a bustling textile industry. Two units have been spoken for since sales began in June 2013. The remaining unit is a 4,209-square-foot, four-bedroom triplex penthouse, asking $12.35 million. The penthouse features direct elevator access and comes with a 700-square-foot outdoor space in the form of three large terraces. The unit has high-end appliances, and, rare for New York City, a garbage disposal. Contact www.70greenesoho.com or 917-685-8575.

NAME70 Greene StreetPRICE RANGE$12,350,000
ADDRESS70 Greene StreetSIZE RANGE4,209 Sq Ft
TYPEConversionAVG PPSF$2,934
TOTAL UNITS3TAX ABATEMENTNo
DEVELOPERValerio MorabitoAVG COMMON CHARGE$0.90/sf
BROKERTown ResidentialFINISHED BYComplete

Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.

 

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