The pricing for Ben Shaoul's incoming condoplex on East Houston and Orchard Street (the official address is 196 Orchard) is now available.
The Real Deal had the scoop yesterday:
Prices at Ben Shaoul’s new Katz Deli-adjacent condominium, designed by Ismael Levya Architects, will start at just under $1 million for studio apartments and $1.23 million for one-bedroom units, the developer tells The Real Deal.
With studio sizes starting at 555 square feet and one-bedroom homes starting at 655 square feet, that pegs the starting price per square foot above $1,800. The total blended price per square foot is likely to top $2,000 a foot, however.
And the latest rendering of the building, which will include an Equinox in the retail space, looks like...
The property on East Houston between Ludlow and Orchard previously housed a single row of storefronts, including Ray's Pizza, Bereket and Lobster Joint.
Meantime, no word yet if Ben will choose a naked-lady motif to sell the units like he is over at 100 Avenue A, where the residences will range in price from $1.3 million to $2.3 million.
While the units are more expensive here, you'll save money by joining Blink Fitness, the $25-amonth club that is taking the retail space in the building between East Sixth Street and East Seventh Street.
Previously on EV Grieve:
Someone threw black paint bombs at the naked women condo ad along 100 Avenue A
Making way for Ben Shaoul's new retail-residential complex on East Houston
Katz's is now the last business on East Houston between Ludlow and Orchard
7 comments:
I love the lighting. No price is too high for that kind of lighting.
That is a great deal actually. A true savings. I was expecting 2 million for a studio. The weird thing is back home on the west coast, 1 million would buy you a 2000 square foot house with a garage, pool, and backyard. Ironic isn't that New Yorkers will spend every dime they earn just to live in a box. Gotta love NYC kids.
Unfortunately I hear Benny is going with the Naked Greed Pig signage......
......a selfie.
A million for a studio - I guess it's true there's a sucker born every minute (with helicopter parents to "help out" financially).
1 Mill for a studio sounds ridiculous. Why not just rent? This is way over market.
Seriously...a million for a studio? Please explain.
In 1995, local real estate broker Helen Miller (an eccentric lady who dressed like a "flapper" from the 1920s, who had an office on Essex Street) told me that the 10 lots that Shoal is now developing were available for $1m. That was $100k per property.
Real estate parasites like Shoal could not and would not be able to do their thing if the city dis-allowed zoning variances and other incentives that reward over-development of over-priced yuppie ghettos. The cherry the city puts on top of this is that while those units sit vacant awaiting the suckers to crawl in, Shoal can get a tax write-off!!
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