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Extell's Lower East Side Condos Won't Be Ridiculously Pricey

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The height of Extell's Lower East Side luxury tower may still be a mystery, but another crucial detail pertaining to One Manhattan Square has come out: pricing. In an interview with Bloomberg, Barnett revealed that majority of the 800 apartments in the Pathmark-replacing development will ask between $1 million and $3 million. Extell will be launching sales abroad before putting the condos on the market in the states, and plans on setting up exhibitions in Shanghai, Hong Kong, Beijing, Singapore and Kuala Lumpur. "There's a tremendous hunger to purchase in New York for investment or for living or for safety or for a pied-a-terre...It's hard to find something which is a good value and that more people can afford," says Barnett, the guy who's responsible for the building that houses the most expensive condo ever sold in New York City. Along with the interview came a new rendering of the 850-foot building, which shows just how imposing the tower will be.

In addition to the 800 apartments, the building will have some 40,000 square feet of amenities, including bike parking, pool, gym, screening room, library lounge, parking, and landscaped rooftop. Barnett also told Crain's that the building will have a "tea pavilion." Bloomberg reports the building will stand 80 stories, but The Low Down points out that DOB filings peg the building's height at 71 stories.
· NYC's Luxury-Condo King Shifts Gears in Bid for Chinese Buyers [Bloomberg]
· Developer Gary Barnett is exclusively marketing new Lower East Side tower to Asian buyers [Crain's]
· Extell's Lower East Side Condos Priced From $1-3 Million; Asian Buyers Targeted [TLD]
· All 250 South Street coverage [Curbed]

250 South Street

227 Cherry Street, Manhattan, NY 10002