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Latest posts by Gea Elika (see all)
- Accepting the First Offer on Your Home - May 18, 2018
- FOR SALE: Consider this Before Making a Price Cut on Your NYC Apartment - May 17, 2018
- What is a Real Estate Closing Statement? - May 14, 2018
Located between Spring and Prince, 224 Mulberry Street is a seven-unit luxury condo property. Construction on the building is currently underway and slated to be completed during the first quarter of 2015. In addition to amazing views of the NYC skyline, the building’s 1,370 square foot roof will have areas for exercise, food preparation and relaxation.
Flank is the architecture and development company behind 224 Mulberry. Although other companies are now on the bandwagon, Flank was one of the first to develop oversize condos and boutique buildings in Lower Manhattan. While developing a site that used to be a parking garage into spacious 3 to 4 bedroom units may sound like a gamble, Flank’s track record shows they have the necessary experience to make this project a success.
At 110 feet, 224 Mulberry Street is a very tall building when compared to its surroundings. Its exterior features reddish-brown brick and large multi-pane windows. Thanks to recent height restrictions, the great views provided by the building’s windows will remain unimpeded for the foreseeable future.
Solid white oak is the primary flooring throughout the residences. The kitchens feature countertops made from polished statuary marble, while the living rooms have wood burning fireplaces.
Master bathrooms include a cast iron bathtub, and the countertop in the secondary bathroom is Bardiglio slab.
Not only does the building have a large roof space with great views and multiple amenities, but additional features of the building include:
- Covered garage with assigned parking that’s accessible via the main elevator
- 1,010 square foot gym with brand new cardio equipment and fitness machines
- Key locked storage rooms with enough space for both boxes and larger items like bicycles
When Tim Crowley, the project broker for 224 Mulberry Street, started talking about this project in October of 2013, he said that pricing would be unapologetically high. Initial estimates pegged the pricing per square foot at over $3,500. When the first two listings for the building went live in September of 2014, they were fairly close to those estimates.
The pricing for Unit #2 works out to $3,249 per square foot, while Unit #5 comes in at $3,394 per square foot. Their respective asking prices are $13.25 and $10.75 million.
Although prices aren’t yet available for the other five units, size information is available for all but #4. With the exception of #7, the units range in size from 3,167 to 4,078 square feet. Each unit has 3 bedrooms and 3.5 bathrooms, as well as a terrace with 377 to 990 square feet of space.
At 5,646 square feet, Unit #7 is the largest in the building. It has 4 bedrooms, 5 bathrooms and a 985 square foot terrace.
224 Mulberry Street is located in Nolita. That puts it just a few blocks away from great dining, shopping and other New York attractions. Notable nearby establishments include Cafe Gitane, Balaboosta, Rubirosa, Creatures of Comfort, Caffe Roma and the New York Public Library.