At the heart of one of the most vibrant and culturally diverse neighborhoods in the city, the Lower East Side, you will find one of the newest and hottest luxury condominiums currently on the market, 196 Orchard Street.
This brand new 11-story residential building was brought into the neighborhood by developers Magnum Real Estate and Real Estate Equities along with architect Ismael Leyva. None of this would have been possible until a strip of single-story restaurants was purchased back in 2014 for $75 million, as well as air rights. After that, construction began at the start of 2016 and is now nearing completion.
196 Orchard Street offers 94 apartments, a mix studios to four-bedroom homes that feature a range of layouts and luxury details including high ceilings, large windows, light-washed hardwood floors, an open kitchen with wood cabinets that compliment the floor, stainless steel appliances, black marble backsplash, and a kitchen island with marble countertops that are large enough to seat multiple people. The bathrooms include a large bathtub, slate tile, a rain shower, and vanities.
Residents can also enjoy the entertainment and convenience of 196 Orchard Street’s amenities. This development includes a bike room, state-of-the-art fitness center, extra storage space, a yoga studio, day spa, lounge, and rooftop deck that includes a BBQ area. Just steps away from this condominium you can find some of New York's hottest nightlife spots along with upscale restaurants, endless shops, and a landmark Equinox gym right at the base of the development.
Available studios at 196 Orchard Street start at $985,000, one-bedrooms start at $1,500,000, two-bedrooms start at $2,350,000, three-bedroom homes start at $4,800,000, and four-bedrooms start at $5,900,000.