The Real Deal New York

Colonnade targets $42M sellout on First Ave.

EV apartments to start at $1M
By Katherine Clarke | February 01, 2017 02:30PM

Ryan Serhant and a rendering of 75 First Avenue (Credit: Colonnade Group and Ryan Serhant)

Colonnade Group, the developer behind Tribeca condo conversions such as 42 Lispenard Street, is targeting a $42 million sellout at its latest project, a 22-unit project in the East Village.

Rendering of 75 First Avenue (Credit: Colonnade Group)

Prices at 75 First Avenue range from around $1 million for a one-bedroom to around $6 million for a three-bedroom, according to Nest Seekers International’s TRData LogoTINY Ryan Serhant, the listing broker.

The interiors of the HTO-designed property are being done by Stefano Pasqualetti, a protege of Peter Marino who is debuting in New York.

Renderings of 75 First Avenue (Credit: Colonnade Group)

Other projects on the market in the neighborhood include Doug Steiner’s 82-unit condo at 438 East 12th Street, which is being marketed by Serhant’s fellow “Million Dollar Listing New York” star Fredrik Eklund.

Colonnade bought the site in 2015 for $12.9 million from a joint venture between Ozymandius Realty and Orange Management, who had battled for control of the property.