Penthouse at 115 Norfolk Street Sells For $3.8 Million, Setting Post-2008 Record

From the in-box:  Douglas Elliman agent Ariel Tirosh is trumpeting what he calls the most expensive apartment sale on the Lower East Side since before the 2008 real estate market crash.  The penthouse at 115 Norfolk Street has been sold for $3.8 million.  The 3-bedroom, 3-bath unit includes just under 2,000 square feet and another 2200 square feet of outdoor space on the 7th floor of the ultra-modern building just above Delancey Street.

As the Real Deal noted, the second most expensive residential deal in this neighborhood in the past four years was the penthouse at 263 Bowery.  A condo at 15 Rivington sold for nearly $5 million in June of 2008.  There are 24 units at 115 Norfolk Street; it looks like only two remain unsold.

“With this revival of this neighborhood as the times come out of crisis, we are starting to rebuild price levels,” Tirosh told the Real Deal. He predicted similar prices at two new projects,  250 Bowery and 100 Norfolk Street.   “It’s just a psychological barrier that was broken, I guess,” he said.