In November 2019, The New York Times dubbed Essex Crossing “the anti-Hudson Yards” for its Lower East Side address, connection to the community, commitment to affordable housing, and contemporary yet contextually sensitive architecture. But more recently, there is another reason: While the coronavirus pandemic has raised doubts about the future of Hudson Yards, Essex Crossing is not just surviving, but thriving. 242 Broome Street, the mega-development’s first condominium, sold the last of its 55 units in February 2021, and closings are coming in at an average price of $2,064 per square foot. On the rental front, the 142-unit The Artisan is now 50% leased.
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"Our renters and buyers alike recognize the added value of living at Essex Crossing - from state-of-the-art amenities to the city’s best marketplace and multiple subway lines right at their doorstep” - Ben Baccash, Vice President, Taconic Partners
It has been speculated that the sales momentum of 242 Broome Street might carry over to One Essex Crossing, another condominium in the complex. The building was designed inside and out by CetraRuddy, and interiors feature oversized windows, ceilings up to 10 feet high, wide plank European oak flooring with a warm custom stain, and custom-designed kitchens with warm palettes, honed Dolomiti countertops and backsplashes, and Miele appliances. Select apartments have private terraces, and all residents have access to amenities like a sunroom, fitness center, playroom, and sixth-floor garden with grilling, seating, and recreation areas. Closings are expected to commence later this year, and remaining availabilities start at $890K for studios, $1.265 million for one-beds, $2.215 million for two-beds, and $2.995 million for three-beds.
Down the street from One Essex Crossing, The Artisan’s design by Handel Architects was inspired by the nearby Williamsburg Bridge. Nine studio through one-bedroom units were recently outfitted with space-saving interiors, and all apartments feature floor-to-ceiling windows, white oak floors, in-unit washer/dryers, and kitchens with full-height stone countertops and stainless steel appliances. Amenities include an attended lobby with green wall, a mail and package room, a fitness center, a children’s playroom, a lounge, and a landscaped roof patio and sky deck with grills and sweeping skyline views. Current availabilities start at $2,290/month for studios, $3,888/month for one-beds, $5,580/month for two-beds, and $7,611/month for three-beds (all prices net effective to reflect two months free rent on a 13-month lease).
Both One Essex Crossing and The Artisan offer direct access to The Market Line, a bazaar-like marketplace spanning three city blocks and offering an eclectic selection of locally sourced vendors and restaurants. Additional Essex Crossing retail offerings include Target, the largest Trader Joe’s on the East Coast, and local fixture Essex Market. The Regal Cinemas in The Essex is expected to reopen on May 7; in the meantime, locals can visit The Gutter L.E.S., the International Center of Photography, and abundant new outdoor space.
By the end of 2021, Essex Crossing is expected to be more than 90 percent open. The full project is expected to be completed in 2024, and will ultimately include 1,079 new housing units, 350,000 square feet of Class A office space, and 300,000 square feet of retail space.
Condo | Completion estimated for 2021
10 available listings from $980K - $4.6M
One Essex Crossing is the second condo offering in Essex Crossing, and the apartments are on top of 175,000 square feet of office space so as to make the most of abundant natural light and stunning views. A gridded facade by CetraRuddy pays tribute to historic Lower East Side architecture, and interiors boast high ceilings, oversized windows, abundant storage space, high-end appliances in the kitchen, and spa-like baths. Select units have private terraces, and amenities include a fitness studio, children's playroom, sunroom, and sixth-floor garden with seating, grills, and skyline views.
Rental | Completed in 2020
8 available listings from $2,290 - $7,611/month
2.5 months free rent on a 13-month lease
The Artisan is the largest building in Essex Crossing and home to a connection to The Market Line, approximately 180,000 square feet of Class A office space, and sunny rental apartments on top. Interiors by Fabienne Benmoha feature oversized windows, hardwood floors, abundant natural light, kitchens with stone countertops and stainless steel appliances, and in-unit washer/dryers. Amenities include an attended lobby with green wall, a mail and package room, a fitness center, a children’s playroom, a lounge with original mural by Logan Hicks, and a landscaped rooftop patio and skydeck with outdoor grills and sweeping views.
Rental | Completed in 2018
4 available listings from $2,619 - $6,346/month
Up to 2.5 months free rent on a 15-month lease
The Rollins was designed by Beyer Blinder Belle and named in honor of Sonny Rollins, the famed jazz tenor saxophonist who once lived on the site. All units feature high ceilings, spacious closets, premium quartz countertops and stainless steel appliances, and large double-paned windows with views of the Empire State Building and Williamsburg Bridge. Target and Trader Joe's are the building's retail tenants, and official amenities include an attended lobby, concierge service, fitness center and workout studio, children's playroom, lounge with billiards table and shuffleboard table, and roof deck and elevated garden terrace.
Rental | Completed in 2019
4 available listings from $2,695 - $4,988/month
Up to 2.5 months free rent on a 15-month lease
The Essex is the tallest building in Essex Crossing at 26 stories high, yet its design by Handel Architects is a modern interpretation of Lower East Side tenements. Its height allows for unobstructed skyline and bridge views, and interiors boast 11' ceilings, double-pane windows, open kitchens with quartz countertops and European stainless steel appliances, and spacious bedrooms. Select units have private terraces, and all residents have access to the building's Sky Terrace, grilling terrace, and urban farm operated by Project EATS. Indoor offerings include a fitness center, lounge, library, and children's playroom; additionally, the building is home to a Regal Cinemas movie theater and the Essex Street Market.
Condo | Completed in 2018
No current availabilities
242 Broome Street was an early standout for both its champagne-colored facade by SHoP Architects and its status as the first condo offering in Essex Crossing. Interiors by DXA Studios boast abundant natural light, open layouts, and kitchens with Calacatta marble countertops and Gaggenau appliances. Amenities include a fitness center, lounge with billiards table, dining area and catering kitchen, and roof terrace with fire pit, seating, and sweeping city views. The building is home to the International Center of Photography, and management arranged for a complimentary one-year membership for residents.
Affordable senior housing | Completed in 2018
Frances Goldin Senior Apartments ("the Goldin") was the first building to be completed in Essex Crossing, and named in honor of an affordable housing activist. The Goldin is home to NYU Langone's Joan H. and Preston Robert Tisch Center, an outpatient clinic, and a senior center run by Grand Street Settlement. Residents of Community Board 3 got preference for half the affordable senior housing units, and amenities include an on-site superintendent, bike room, laundry room, and outdoor space.
Affordable senior housing | Completed in 2020
The tasteful brick building at 140 Essex Street is home to the second senior housing building in Essex Crossing. The 84 units were set aside exclusively for low-income seniors, and amenities at this building include a fitness center, lounge, outdoor terrace, bike room, and laundry room. Residents also have access to the senior center at The Goldin (see above).
Taconic Management Company
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