3 Years Later, One of the Priciest LES Condo Developments Revealed on Forsyth Street

Posted on: April 19th, 2017 at 5:12 am by

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It was three years ago – an eternity – when the Nativity Mission School at 204 Forsyth Street was razed in the name of luxury living. The self-proclaimed “edgy refinement” of the replacement structure is now in full view.

Down came the scaffolding and netting earlier this week. Gone also is the external boiler system that emitted a high-pitched whine for most of the wintertime.

The seven-story tumor at 204 Forsyth boasts eleven two- and three-bedroom apartments. Sales debuted in May 2015, yet there are still five units that are still on the market. Meantime, you’ll recall that the Nativity project was previously deemed the priciest new development on the Lower East Side behind Ian Schrager’s Public Hotel/condo at 215 Chrystie Street just across the way. The cheapest availability at the moment is a two-bedroom for $2.8 million, while the most expensive is a three-bedroom for $7.35 million.

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As of publication, Town Real Estate, the exclusive broker of the apartments, indicates that the building is about half full. Five of the eleven units are still on the market.

Notorious feces-throwing money man Charles Saulson is the owner-developer who acquired 204 Forsyth in 2012. Before its demise in February 2014, the 1927-era tenement was the forty-year home of the Jesuit-run Nativity Mission School whose goal was fighting poverty on the Lower East Side.

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