115 Norfolk Street
115 Norfolk Street, New York, NY 10002
BBL 1003537503 · BIN 1088708
- Year built
- 2008
- Type
- Condominium
- Units
- 24
- Floors
- 7
- Landmark
- No
- Pets
- Dogs permitted; confirm specifics at offer stage
- Subletting
- Permitted under the condominium bylaws
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2011–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,300
- Listing discount
- 3.2%
- Recorded sales
- 44
- On record
- 2011–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Norfolk Atrium would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
115 Norfolk Street — the Norfolk Atrium — is one of the Lower East Side's most architecturally distinctive boutique condominiums. Completed in 2008 and designed by Grzywinski + Pons, the firm responsible for the acclaimed Hotel on Rivington a block away, the building brought a genuinely contemporary architectural sensibility to a neighborhood then in the middle of its transformation. Exposed concrete, floor-to-ceiling glass, and a low-density plan of one to four residences per floor give the building a loft-like, design-forward character rare among the neighborhood's pre-war stock.
For the buyer who wants new-construction systems and architect-designed interiors inside the energy of the Lower East Side — steps from Rivington and Delancey, the F/J/M/Z trains at Delancey–Essex, and the district's restaurant, gallery, and nightlife density — the Norfolk Atrium is a clean proposition. Deeded condominium ownership, contemporary finishes, and a boutique 24-residence scale in a building with real design pedigree.
Building operations
The condominium runs on a contemporary boutique model: a common roof deck, an outdoor lounge, a virtual doorman, a bike room, and an on-site parking garage with spaces available for purchase — a genuinely valuable amenity in this part of downtown. Central air and heat serve the residences. The virtual-doorman model keeps staffing costs contained while providing security and package coverage.
As a condominium, ownership is by deed rather than shares. Purchases avoid the share-loan structure and interview process of a cooperative; financing is a matter between buyer and lender; and pied-à-terre, investment, and subletting uses are permitted under the bylaws. Dogs are permitted. Any transfer fee and specific sublet terms should be confirmed against the current bylaws at offer stage.
Architecture and residences
Grzywinski + Pons designed the Norfolk Atrium as a contemporary counterpoint to the neighborhood's tenement fabric. The residences carry a loft-like, design-forward character: open floor plans, floor-to-ceiling glass, and exposed concrete, with a low-density plan of one to four homes per floor. Original finishes ran to the contemporary-luxury tier of the late-2000s market — Liebherr refrigeration integrated into the cabinetry, Bosch cooking and dishwashing, white oak floors, and central air and heat throughout. Select units carry private outdoor space.
The 24-residence count and low per-floor density keep the building intimate and the light generous — a deliberate contrast to both the neighborhood's walk-ups and the larger new-development towers.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $4,925/yr
- Per unit / month range
- $0 – $17
- Modeled exposure split equally across 24 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2015–20 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
421-a Tax Abatement
- Last year of benefit
- FY2022
- Fully taxed from
- FY2023 (2022–23)
- Program
- 421-a (10-year)
The 421-a benefit has run its term. Taxes on these units have stepped up toward the full assessed amount, so the low carrying cost this building once carried is no longer available. Price from the current tax bill, and treat any comparable sale made while the abatement was still running as a different asset.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2023 runs July 1, 2022 to June 30, 2023. The benefit last appears on the 2022 assessment roll, which is what dates the end of the term.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Management & transfer contacts
Recent sales
Condominium pricing is read on a per-square-foot basis, and 115 Norfolk trades as a design-forward Lower East Side condo — loft-like layouts, contemporary finishes, and the flexibility premium that deeded ownership commands. With only 24 residences, resale volume is thin: a handful of closings in an active year. Pricing is driven by floor, exposure, outdoor space, parking, and renovation condition rather than by any neighborhood average. The architectural pedigree and low per-floor density are part of the value story. When underwriting a purchase or a list price, capture the specific unit's square footage, light, outdoor space, and finish level rather than leaning on an LES headline number.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 25, 2026 | 503 | 1 BR · 1 BA · 662 sf | $935,000 | $1,412/sf | -6.5% |
| Jul 28, 2026 | 204 | 2 BR · 2 BA · 1,140 sf | $1,465,000 | $1,285/sf | -7.0% |
| Mar 23, 2026 | 34 | 2 BR · 2 BA · 1,115 sf | $1,450,000 | $1,300/sf | -3.0% |
| Mar 20, 2026 | 304 | 2 BR · 2 BA · 1,115 sf | $1,450,000 | $1,300/sf | -3.0% |
| May 5, 2025 | 502 | 1 BR · 1 BA · 760 sf | $975,000 | $1,283/sf | -0.5% |
| Dec 1, 2023 | 202 | 1 BR · 760 sf | $830,000 | $1,092/sf | -7.3% |
| Nov 21, 2022 | 501 | 2 BR · 1 BA · 888 sf | $1,180,000 | $1,329/sf | -1.7% |
| Oct 20, 2022 | 102 | 1 BR · 1 BA · 677 sf | $1,275,000 | $1,883/sf | -3.8% |
Market read. Most recent trades (2026) cleared a median $1,300/sf (recorded) across 4 sales. Median listing discount 3.2% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00353-7503). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
At the recent median sale of $1.45M (5 sales since 2024), a buyer putting 25% down would pay about $62,167 to close, or 4.3% of the price.
- Mansion tax: $14,500
- Mortgage recording tax: $20,934
- Title insurance: $6,525
- Attorneys, lender, building fees, reserves and filings: $20,208
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
This is a condominium, so the path is straightforward: no board interview, financing set by your lender, and a review of the building's financials, reserve, and bylaws during due diligence. Read the bylaws on pet rules, any transfer fee, and sublet terms, and confirm them at offer stage. As a 2008 new-construction building, review the reserve and any capital-planning history on the building envelope and systems — contemporary construction carries its own diligence profile.
The reasons to buy are the design and the flexibility: an architect-designed contemporary building with new-construction systems, on-site parking, deeded ownership with pied-à-terre and investment latitude, and a boutique scale in the heart of the Lower East Side.
What to know if you’re selling
The story is design pedigree and contemporary living downtown. A Grzywinski + Pons building with loft-like light, on-site parking, and deeded flexibility is a specific, marketable proposition that sells to buyers who want architecture and modern systems inside the LES. Pricing is an apartment-specific exercise: square footage, floor, light, outdoor space, parking, and condition drive the number. We position the architectural narrative, benchmark against the right tier of boutique Lower East Side condominiums, and market to the design-minded downtown buyer.
Comparable buildings
If you're considering 115 Norfolk Street, also look at these Lower East Side and downtown boutique buildings:
- 100 Norfolk Street — Lower East Side condominium on the same street
- 103 Norfolk Street — boutique Lower East Side condominium nearby
- 155 Henry Street — boutique pre-war Lower East Side condominium
- 212 Avenue B — boutique pre-war East Village condominium
- 143 Avenue B — boutique East Village building nearby
More Lower East Side buildings
- 100 Norfolk Street — 2016 condominium
- Blue (103 Norfolk Street) — 2007 condominium by SLCE Architects
- 115 Allen Street — 1889 condominium
- 133 Essex Street — 2005 condominium
- 147 Ludlow Street — 2016 condominium
- 148 Attorney Street — 2018 condominium by Isaac & Stern Architects
The neighborhood
For the full corridor — architecture, transit, and pricing across Lower East Side — read The Roebling Team Guide to Lower East Side.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Norfolk Atrium?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.