A new boutique condominium is rising at the corner of East 9th Street and Fourth Avenue, and it's already drawing interest from buyers who want new construction in one of downtown Manhattan's most connected neighborhoods. 101 East 9th Street hasn't officially launched sales yet, which is exactly why now is the time to understand how it works. Here's what you need to know.
The Building in Brief
Developed by Moonshot and designed by BKSK Architects, 101 East 9th Street is a 10-story building with just 15 residences: six one-bedrooms of about 850 square feet and eight two-bedroom + home office residences of about 1,555 square feet. Amenities include a full-time doorman, a lobby lounge with fireplace and wet bar, a windowed fitness center and a shared roof deck with a grill and fire pit. Delivery is anticipated for Q4 2027.
See full building details on our 101 East 9th Street page →
What "Awaiting Offering Plan Approval" Means
In New York, a developer can't sell condominium units until the New York State Attorney General accepts the building's offering plan, the detailed legal document that covers pricing, floor plans, building budget, common charges, taxes and the sponsor's obligations.
Before that, developers can "test the waters" under a rule called Cooperative Policy Statement No. 1 (CPS-1). They can advertise and collect names for a priority list, but they cannot take deposits, reservations or contracts. That's where 101 East 9th Street is today.
What this means for you: registering interest is free and non-binding. It simply puts you in line to see pricing and floor plans first when sales open.
How the Pricing Compares
Official pricing hasn't been released yet. It will be set in the offering plan once it's approved. Members of the RedKon priority list will receive pricing and floor plans as soon as the sponsor releases them.
For context, the closest recent comparison is 220E9, a boutique 18-unit condo a few blocks east at 220 East 9th Street. There, a 1,570-square-foot two-bedroom went into contract in February 2026 at an asking price of $4,095,000 (about $2,608 per square foot), and a 647-square-foot one-bedroom at an asking price of $1,575,000 (about $2,434 per square foot). The building sold out quickly, a sign of strong demand for small new-construction buildings in the area.
That makes 220E9 a useful benchmark for 101 East 9th Street, whose two-bedroom + home office layouts offer space that's hard to find in small downtown buildings.
Why Boutique Buildings Sell Fast
Buildings with 15–20 units have very limited inventory. When one line or floor plan is clearly the best (a high floor, the corner exposure, the largest two-bedroom), it can be gone in the first days of sales. Buyers who are already pre-approved, have reviewed the offering plan and know which unit they want have a real advantage.
Questions to Ask Before You Buy Pre-Construction
- What are the projected common charges and real estate taxes? These are in the offering plan and affect your monthly cost as much as the price.
- What is the deposit and how is it held? New development deposits are held in escrow; ask how much is due at contract and when the balance is due.
- What happens if delivery is delayed? The offering plan sets out the sponsor's timelines and your rights.
- Are closing costs higher than a resale? In many Manhattan new developments, buyers pay some costs that sellers usually pay in resales, such as transfer taxes. Ask for an estimate early.
- Can I negotiate? Often yes, on price, closing costs or storage, especially with an experienced buyer's broker.
How RedKon Team Helps
The sponsor's sales team works for the developer. We work for you. When 101 East 9th Street launches, we'll get you the offering plan and floor plans right away, help you compare value against other East Village and NoHo new developments, and negotiate your deal. In most new development purchases, our fee is paid by the sponsor, not the buyer.
Join the RedKon Priority List for 101 East 9th Street. Call or WhatsApp Konstantin Zaliznyak at (646) 801-5777 or email [email protected].
This article is for informational purposes only and is not an offering. No offering can be made and no deposits or reservations can be accepted until an offering plan is filed with the New York State Department of Law (CPS-1 File No. CP26-0104). All pricing, sizes and timing are anticipated and subject to change. Comparable sales figures are asking prices from public listing data. This is not legal or financial advice.
