[Photo from February by Dave on 7th]
Pricing is now available for the new classic brick building at 227 E. Seventh St. just west of Avenue C.
People who signed up to receive more information on the building's teaser site got the details yesterday.
We will be offering:
A Garden Unit of 1,631 Sq ft with two bedroom two bath and recreational area with 707 Sq ft private back Yard for $2,000,000
Two Bedroom Two baths floor through unit of 1,067 Sq ft, with two balconies (excluding 2nd floor) starting at $1,450,000
And A Penthouse Two Bedroom Two baths floor through unit, of 1,067 Sq ft, with two balconies and private roof for $1,900,000
Floor plans and pricing should be online soon.
Prices aside, EVG readers were generally appreciative of the building's look and design ... respectfully in scale with its surroundings.
Previously on EV Grieve:
New building at 227 E. Seventh St. — revealed (28 comments)
Teaser site up for new East 7th Street residential building that people don't hate
10 comments:
with these prices it is understandable why we are losing so much affordable housing. I'm not saying its right, there seem to be an unlimited number of people who want to live inside a shopping mall.
Can we just think about this?
$1.45 Million for 1067 square feet (using NYC measuring, which means about 850 usable).
So - $150-300,000 cash down, and a 1.15 to 1.3M mortgage. If I just extrapolate from my refi rate, that's $5400 to 5600 a month in mortgage payments.
(actually shows how much better it is to buy rather than rent if you can swing the down payment)
Or you need to make about $400k a year to afford this place.
That's just depressing - this city is no longer for people like us.
I live at 238 E. 7th. That new building is way too close to Avenue D to even consider those type of prices. When the sun goes down I avoid Avenue D.like I avoid STD's.
Avoiding ave D like an STD? That is crazy. Growing up as a white female in The LES I never avoided any block in the neighborhood.
Why live in a neighborhood that you are afraid to walk around in?
The influx of people since the gentrification of my beloved neighborhood has displaced so many. 2 million bucks for an apartment near Avenue D is a sign that more low income people will be pushed out of their neighborhood. It really gets me angry.
in the 90s let's just say the rent was under 800 for a four bedroom or 3 bedroom apartment. ever since the towers fell rent boosted up to outrageous prices no one can afford the rent anymore or live there for a long period of time families are being driven to live in the streets the elderly disrespected and driven out of their apartments that's if they don't accept bribery payment to get them out of their residents so they can remodel and sell it for ridiculous prices but no one that is a real New Yorker can afford it
For some strange reason I can't understand, Avenue D seems poised for massive gentrification.
The people buying up these properties don't care where Ave D is. These units will most likely be bought as investment properties for people living in other countries who will rarely live here, but just need a place to stash their cash. Price doesn't matter - the higher the price the better the investment and the more $ they can hide from their home governments.
http://www.nydailynews.com/opinion/luxury-rules-rich-richer-article-1.1850022
The site of these new luxury condo's was previously a one story shuttered commercial building that when last used was anybody's guess. It was however clearly a derelict rats nest for years. The design of the building conforms to the street nicely so people with money will buy so what? I do not think these units will sell to foreign investors choosing not to live there more likely other Manhattan dwellers making a move. So new construction new tenants hopefully dining and shopping in the neighborhood and supporting jobs on the Ave can not see a reason for the black crape paper can you.
ridiculousness
ridiculousness
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