100 Norfolk Penthouse Sells for Record Setting $6.73M

Posted on: February 20th, 2018 at 5:03 am by

The cantilevered box of condos at 100 Norfolk Street debuted late last year, and became an instant eyesore, following in the grand tradition of Blue just across the street. Now, word is circulating that its crown jewel penthouse just closed for an eye-popping $6.73 million.

The real estate PR machine is calling this transaction the “most lucrative sale of all time for the area.” Elliman Broker Ariel Tirosh closed the sale, and was quick to celebrate the so-called “Lower East Renaissance” currently underway, which is just broker-babble for hyper-gentrification.

“This record-breaking sale demonstrates a major shift in the Lower East Side market as one of the most sought-after locations within the city for buyers and developers alike,” Tirosh noted in a statement. “With so much continual development on the horizon, the neighborhood is poised to continue on this track and I am excited to continue my support of this growth through my work.”

100 Norfolk has been exactly five years in the making. The penthouse is, naturally, the most expensive unit at 100 Norfolk. It was taken off the market four years ago when Emma Hsieh, a Taiwanese-born real estate investor and owner of Nitecap (now in the old 151 space), contracted to purchase the unit. The sale was only recently finalized.

This development, a so-called prelude to Essex Crossing, was first unveiled to the community June 2013. Brought to you by Adam America Real Estate and the Horizon Group (designed by ODA), 100 Norfolk Street sits at twelve stories and sports 38 high-end apartments split between studio, one-, two- and three-bedroom residences. It sits atop the site that previously housed the refrigeration units and offices for Ratner’s.

June 2013

Recent Stories

Infant Found Dead Inside Orchard Street Apartment

An infant was found dead inside an Orchard Street apartment early Friday morning, police said. The baby was reportedly unconscious inside 191 Orchard at 7:30am, and the authorities were called. Identified in published reports as 9-month-old Princeton Coaxum, the infant was pronounced dead at the scene. The police report stated that the baby appeared fine […]

‘Kings County Imperial’ Sets Date for Delancey Street Debut

Not since Kapowski’s (formerly Moscow 57) vacated 168 Delancey Street more than two years ago has anyone expressed interest in opening a new venture. It’s hit or miss here at the approach to the Williamsburg Bridge, with a succession of failed businesses in the wake of Apolo’s departure in 2013. Now, the space is amidst conversion to […]

85 Bowery Tenants Allege Landlord Reneged on Deal for Return Home

The saga of 85 Bowery continues today with tenants alleging that landlord Joseph Betesh reneged on a negotiated deal for families to return home. Hunger striking tenants a couple weeks ago had called off the protest after an alleged accord was in the offing. Resident leaders are holding a press conference on the steps of […]

‘Local 138’ Dive Bar Plans Move Next Door on Ludlow Street

The proprietors of two local Ludlow Street dives are reshuffling the deck, so to speak. John Cutillo, the man behind twelve-year-old Iggy’s and seven-year-old Local 138, is planning to move the latter watering hole directly next door to 140 Ludlow (same building). The space that was previously the short-lived Dana Foley boutique. As part of the […]

Cops Seek Suspect in Connection with Gunpoint Robbery on Ridge Street

In the wee hours of Thursday morning last, a man was robbed at gunpoint on Ridge Street, cops said. The victim was reportedly sitting in his car outside 155 Ridge Street (at East Houston) when the perp sidled up to the vehicle and pointed a gun. He demanded cash and ultimately fled the scene with […]