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

Average unit price at 80 East 10th Street pegged at $6M

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

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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.