We first wrote about 188 15th Street back in May 2005 noting the great deal of unused FAR on the three story brick building and then again when it sold in March 2006 for about 10% less than the asking price of $1.4 million. So we were interested to get an email this week from the guy who bought and is developing the building into a six-unit condominium to be known as The Modern Townhouse. Designed by Kutnicki Bernstein Architects, this is a very modern take on the townhouse form. And while it’s not exactly our style on the outside, we suspect that the interiors will be very nicely done in a very modern kinda way. Perhaps more importantly, it’s nice to see an example of a small developer doing a project in the South Slope with pride about the project and concern for the legacy he’s leaving his neighbors. So far three of the listings are up on the Corcoran site, ranging in price from $495,000 for a one bedroom to $899,000 for a two bedroom, or about $675 a foot. The construction is about 60% done now and occupancy is targeted for May. How are people on the block feeling about this one?
188 15th Street, Apt. 200 [Corcoran] GMAP P*Shark
15th Street FAR Play Closes Well Under Ask [Brownstoner]
Mid-Sloper with F.A.R. Out The Wazoo [Brownstoner]