The Real Deal New York

New low-rise Norfolk Street condo to open

The Real Deal gets a look at the Lower East Side building

December 16, 2010 06:55PM
By Yaffi Spodek

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Ariel Tirosh of Prudential Douglas Elliman and the new 115 Norfolk Street condominium

Sales for a brand new condominium at 115 Norfolk Street on the Lower East Side will launch next week, according to exclusive broker Ariel Tirosh, a vice president at Prudential Douglas Elliman. The Real Deal got a sneak peek today at the almost-completed seven-story building, a 24-unit low-rise between Delancey and Rivington streets.

The development, 115 Norfolk, is the latest in a string of condos built in the last several years on the block, including the Blue Condominium at 105 Norfolk and the Switch Building at 109 Norfolk.

Designed by Gryzwinski + Pons, the modern-looking concrete and wood-clad building has one-, two- and three-bedroom units, in addition to two penthouses. Each apartment is laid out in a “wing” style, with a bedroom or office situated on either side of the main living room and kitchen area. The building includes a basement parking garage accessed via hydraulic elevator, a communal garden, a roof deck and a virtual doorman.

The developer, Lokshin + Vinbaytel, has been designing condos in the East Village for over two decades. The firm’s recent projects include 525 East 12th Street, 229 East 2nd Street and 107 Avenue A.

“The neighborhood is a little bit more offbeat, like the East Village,” said Tirosh of the Lower East Side location. “The area is not your traditional uptown or midtown location, and that’s why it appeals to people.”

Units start at $655,000 for 558-square-foot one-bedrooms and $1.5 million for two-bedrooms. A 2,000-square-foot, three-bedroom penthouse has an asking price in excess of $3 million.

The building expects to receive its TCO in six weeks, Tirosh said, and he anticipates that closings will begin in February. Though sales have not officially launched, Tirosh said has shown the units to several people in the music and hi-tech industries — including some Google employees.

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