The website Bowery Boogie reported that the building at 100 Norfolk Street, on the Lower East Side of Manhattan, has been sold for an all-cash sum of $8.8 million (6% above ask).
The unconfirmed buyer, believed to be Brooklyn-based Urban-Scape, negotiated air rights from adjoining buildings and will be constructing a 44,000 square-foot condo (12 stories).
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The previous owner of 100 Norfolk was Ratner’s, the world famous Kosher dairy restaurant which went under a decade ago.
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