Would you look at that? A $4.1 million apartment just went into contract at the Devonshire House, the renovation and condo conversion of the Emory Roth-designed rental building at East 10th Street and University Place. It's the first sale in the building, and it just so happens to coincide with our visit to the Dev House to get a look at that controversial lobby and 4BR, 3.5BA model apartment. Why'd we scope out the model? Curiosity, mostly.
While top-to-bottom pre-war renovation with hefty price tags are nothing new, this one is in the heart of the Central Village. A downtown Apthorp, if you will. The model unit is a 2,720-square-foot sprawler up on the fourth floor, combined from three apartments (most Dev House rentals were studios-2BRs). It hasn't yet been released for sale, but expect an asking price around $5 million. Handling all design duties is Victoria Hagan, a big name with the Architectural Digest set. Is the market ready to absorb this bad boy? We'll see if other sales follow, but a slightly testy StreetEasy thread does mention some packed open houses.
· Devonshire House [Official Site]
· Devonshire House coverage [Curbed]