March 31, 2015
Real Estate Round Up: Sicis, Avenues: The World School and More
March has been a busy month for NoMad real estate news. We’ve put together a round-up of the residential and commercial deals in the neighborhood, including beautiful new apartments offerings and impressive office space closings.
Residential Developments
The apartments at 24 Madison Park (41 west 24th Street) will soon be ready to rent. Developer GRJ, headed by brothers Graham Jones and Gregory Jones, designed the apartments to exemplify “affordable luxury.” 10 three-bedroom units will be available, all of which feature exposed brick walls, stainless steel appliances and heated bathroom floors.
Developer JD Carlisle has purchased 15 East 30th Street for $102 million, with the goal of building the neighborhood’s tallest residential tower. Plans for the building reveal that it will be 53 stories and stand 825 feet tall.
A historic brownstone at 127 East 26th Street is being listed for $5.25 million. The three-story, two-family home retains features from its construction at the beginning of the 20th Century, including high tin ceilings, floor to ceiling windows, and exposed brick walls. The townhouse is being listed by Town Real Estate, which describes NoMad as “New York’s hottest neighborhood.”
Commercial Developments
Sicis, the high-end Italian jewelry company and mosaic tile manufacturer, purchased the five-story building at 240 Fifth Avenue for $22.1 million. The penthouse will contain a gallery space, as well as room for the brand’s “think tank.”
Avenues: The World School has expanded its office space at 11 East 26th Street. The renowned private school is currently expanding their Manhattan campus, which is at 259 10th Avenue in Chelsea, to a second location on West 26th Street, as well as expanding to 20 international locations.
The Kaufman Organization sold its 11-story office building at 27 West 24th Street for over $92 million. The building was purchased in 2012 for only $56 million. 27 West 24th Street is home to Junoon, the modern Indian restaurant. Junoon remains open, despite the change in the building’s ownership.