211 Elizabeth Penthouse Sells for Highest Ever Price Per Square Foot In NYC's Nolita Neighborhood

Business Wire, June 16, 2008

New Collection of 15 Extraordinary Homes Offers Once in a Lifetime Opportunity to Own in Lower Manhattan's "Little Paris"

NEW YORK -- The exquisite penthouse at 211 Elizabeth, the distinctive collection of 15 bespoke homes on the coveted corner of Elizabeth and Prince Streets, has sold for approximately $3,200 per square foot - the highest price per square foot ever paid in the charming Nolita neighborhood. Developed by Robert Siegel and Peter Manning, the 7-story red brick building offers only a handful of buyers the opportunity to own a home in this historic area, known for the rich mix of chic shops, family businesses and sidewalk cafes that make it feel like a "little Paris" in the heart of Lower Manhattan.

Celebrated designers Roman & Williams used classic materials and expert craftsmen to imbue 211 Elizabeth with an authenticity and hand-crafted quality that is almost unheard of today. An elegant cornice, deep concave moldings, 7-foot black wood-framed windows and twelve pilasters with decorative capitals surrounding the ground-floor storefront recall American brick design at the turn of the 20th century.

The 15 one- and two-bedroom homes at 211 Elizabeth redefine custom-designed luxury. Beautifully proportioned rooms - flowing from one to the next in a gracious pre-war manner - feature walnut herringbone parquet floors and casings, baseboards, windows and doors trimmed in high gloss black oil paint by Fine Paints of Europe. Each living room has a large wood-burning fireplace, and the exceptional kitchens cannot be found anywhere else in the world. Tailored to each layout, the kitchens have hand-painted, walnut-framed glass-front shelves, Danish oiled wood counters and solid walnut drawer pulls. The elegant master bathrooms, with walls, floors and vanity tops fashioned from slabs of Calacatta Gold marble complemented by patinated brass fixtures, are evocative of a grand European hotel.

The record-setting penthouse at 211 Elizabeth combines 2,189 SF of interior space and 1,397 SF of terraced outdoor space, creating the ultimate living/entertaining experience. One-of-a-kind features include a solarium with wood-burning fireplace, a trellised outdoor grilling area and a secluded hot tub.

Contact Stribling Marketing Associates, the exclusive sales agent for 211 Elizabeth, at 212.585.4557 or visit www.211Elizabeth.com.