The Corcoran Group Launches Sales at Manhattan Condo Project
Upon completion, The Perrie will feature 95 residences.
The Corcoran Group and Cape Advisors have launched sales at The Perrie, a 21-story luxury condominium building in Manhattan’s Turtle Bay neighborhood.
A team led by Nick Riback with The Corcoran Group’s new division, Corcoran New Development, is handling sales and marketing efforts for the development, with prices starting at $875,000. The Corcoran Group acquired the site in April 2023, according to public records.
The project is being developed by Cape Advisors, with interiors designed by Studio EKB. The Perrie is expected to reach full occupancy by next spring.
The project will be the first residential building in the Turtle Bay neighborhood to meet the Federal Housing Administration’s requirements for financing, allowing prospective buyers the option to obtain an FHA loan, often coming with a lower down payment.
The Perrie, a residential conversion project, will be at 234 E. 46th St. and will include 95 one-bedroom condo units and five penthouses. The interiors’ design was inspired by the original building’s early 20th-century shared gardens, while most of the residences feature private balconies. The project is being developed on the site of a former hotel & motel building originally completed in 1986, according to Yardi Matrix. The ownership picked up the original building in 2023 for approximately $13.2 million, according to Manhattan County public records.
A closer look at the condo project
Condo units include spacious layouts with natural light, large-scale windows, glass doors, as well as Bosch washers and dryers, The open-plan kitchens include wide-plank white oak flooring, marble backsplashes, smokey gray quartz countertops, sizable custom islands and peninsulas, custom cabinetry and Bosch electric ovens. Bathrooms feature honed floor-to-ceiling white Italian marble walls, glass walk-in showers and fixtures by Toto, Kohler and Grohe.
The Perrie’s Penthouse Collection includes high ceilings, a private roof deck, exclusive outdoor space, private balconies and panoramic views of the East River and Midtown. Prices for the Penthouse Collection start at $1.4 million. Additionally, the development will also offer owners the opportunity to rent out their residences for at least 30 days, a rare option in the residential Manhattan market.
Designed to blend indoor and outdoor living while also honoring the cultural significant of the Turtle Bay neighborhood, The Perrie’s amenity package offers multiple indoor and outdoor services and options for its future residents.
Amenities include an indoor and outdoor fitness center, the entry garden, a private courtyard garden with mature maple trees, firepits, canopies, outdoor seating, lounge spaces and landscaping designed by MPFP. The lobby-level lounge is designed as a space for working, relaxing and social gatherings and includes a dedicated deck expanding into the courtyard garden, built-in window seating, an adjacent kitchenette, large monitors and a waiting area. The Perrie also features the coworking suite, a communal workspace that includes high ceilings, a private meeting pod, an en-suite kitchenette with a coffee station, café tables and banquette seating.
The Perrie is close to Midtown East, in an area with multiple dining and retail options, while also being close to Grand Central Station. The project is 3 miles from Lower Manhattan, 6 miles from Manhattan’s Financial District, 9 miles from LaGuardia Airport and within 19 miles of John F. Kennedy International Airport.
Condo projects in the area
There are multiple condo projects in various stages of development in Manhattan. Among them is One High Line. Last month, the three-building luxury development landed a refinancing package totaling $1.2 billion. The developer is a joint venture between The Witkoff Group, Access Industries and Monroe Capital.
In July, Claremont Hall, a 165-unit luxury condo tower inside the Union Theological Seminary campus in Manhattan came online. The project was developed by Lendlease, L+M Development Partners’ LMXD and Daiwa House Texas. Meanwhile, Avdoo & Partners Development launched sales at Bergen, a condo project that will feature 105 residences in Brooklyn. The development is scheduled to reach completion and occupancy next year.
