More than a decade after 250 Bowery took its stretch of Nolita by storm and ushered in a wave of upscale condos, its designer, Morris Adjmi, is winding down work on its nearest neighbor. Construction on 260 Bowery topped out in spring, the facade is largely complete, and the oversized windows are almost all the way in. Its address in Special Little Italy District caps its height at 85 feet, but that doesn’t seem to have any ill effect. An attractive masonry-inspired light brick facade stands in sharp contrast to its sister at 250 Bowery, but complements its surrounding buildings.
The first two floors will be devoted to retail, and the top of the building houses a lavish duplex penthouse with four bedrooms, three and a half baths, and a private roof deck. In between, floors 3-6 each have one three-bedroom, two-and-a-half-bath full-floor condominium.
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A keyed elevator opens up to airy, loft-like interiors with expansive proportions and 9” wide European white oak floors. Expansive windows let in impressive natural light and the sights of this bustling section of New York, but soundproofing keeps its equally impressive noise at bay. The generous living room offers access to a private terrace reached by floor-to-ceiling glass doors and spanning the length of the apartment. A custom, aluminum-clad kitchen is outfitted with brushed quartzite countertops and backsplash, oversized fireclay sink with Dornbacht fixtures, and state-of-the-art Gaggenau and PITT appliances.
The master suite features terrace access, generous closet space that includes a walk-in, and limestone-clad bath with custom oak cabinetry, Calacatta marble countertops, Dornbacht fixtures, and glass-enclosed wet room with steam shower and Calacatta marble shower bench. The secondary bath does not skimp on the details - it is finished with concrete-tiled floors, Bianco Alanur marble slab countertops, tiled walls, and glass-enclosed shower with deep soaking tub.
Residential amenities include a virtual doorman, bike room, and common roof deck with grills and spectacular city views. A tax abatement is not in effect, but the sponsor is offering a rebate on common charges phasing out over the course of ten years. For all those benefits, though, 260 Bowery’s greatest asset may be its address. Nolita’s hottest shopping is just up the street, and the building is surrounded by popular restaurants and bars in Nolita, the East Village, and the Lower East Side. For those who prefer to entertain in, Whole Foods and Bowery & Vine are right across the street.
A $36.7 million offering plan has been accepted, and the fourth-floor unit is listed for $4.75 million, or $2,349 per square foot. According to CityRealty data, this is well above the Nolita average of $1,933 per square foot. Perhaps the scarcity of availability in this low-slung neighborhood drives prices up - next door, the lone availability at 250 Bowery, where recent closings average $2,367 per square foot, is a one-bedroom for $1.2 million, or $2,205 per square foot. In addition to 155 Mulberry Street and 165 Chrystie Street, two buildings Nexus Development is helming in addition to 260 Bowery, Pritzker Prize laureate Tadao Ando’s 152 Elizabeth Street is one of a few new developments.
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