The Real Deal New York

NAVA Companies shoots for $72M sellout at boutique EV project

Average unit price at 80 East 10th Street pegged at $6M
By Miriam Hall | May 03, 2017 02:00PM

Rendering of 80 East 10th Street (credit: CityRealty)

NAVA Companies is targeting a $72.4 million sellout for its planned condominium development at 80 East 10th Street, according to a condo filing plan accepted by the New York State Attorney General’s office.

The development firm, led by Stewart Osborne and David Ruff, filed plans for the 10-story, 12-unit building in November 2015. According to the filing, units would span an average of more than 2,000 square feet. The $72.4 million projected sellout means units would cost on average of over $6 million. The AG’s office approved the plan on April 7.

The mixed-use building is slated to total 36,000 square feet, according to the firm’s website, and excavation on the site began last year. Sales are expected to begin in the fall.

There are several condominium developments slated for the area. The Amirian Group, for example, is shooting for a total sellout of $36.1 million for its 442 and 436 East 13th Street development. Doug Steiner’s 82-unit project at 438 East 12th Street, pegged at an East Village sellout record of $215 million, was approved in January of last year.

NAVA is also the developer behind a 10-unit passive house design building at 210 Pacific Street in Boerum Hill.  A representative from the firm was not immediately available for comment.