One of the Lower East Side’s most striking new residential projects, 100 Norfolk, has sold its most expensive unit in terms of price per square foot.
Unit #9 in the ODA-designed tower went into contract $4.3 million, or $2,665 per square foot. The 1,630-square-foot condominium includes five rooms, three bedrooms and three and a half bathrooms. It also features unobstructed views of Downtown Manhattan.
One unit in the building has a higher overall asking price, at $4.8 million; however, #PHA is only $2,538 per square foot.
Late last year, the other two penthouse units in the tower sold to a single buyer for a combined $7 million, or $2,380 per square foot.
Now just six of the buildings 38 units are left on the market, five months after launching sales.
“I don’t know that these numbers are actually a new normal for the area,” Douglas Elliman’s Ariel Tirosh, who is marketing the project, told Luxury Listings NYC. “It may be awhile before another building of this quality comes along in the area.“
He added that he believes the building’s bold cantilevered design from ODA’s Eran Chen is a huge draw for buyers looking for something different in the neighborhood. “I think this is an exceptional unit from an exceptional architect,” Tirosh said, noting that the buyers of unit #9 are from a couple of blocks away in the Lower East Side.
100 Norfolk is slated for completion in 2016.