Brooklyn

When the new four-story building at 364 Myrtle Avenue in Fort Greene came on the market in early 2006, the reception on this site was generally positive. We thought the design, while not our favorite, added some excitement to one of Fort Greene’s unloved stretches. In addition to the generous proportions of the three apartments (which ranged from 1,500 and 1,700 square feet), these apartment boasted 17-foot high ceilings. And mezzanines. Which should have been the red flag to anyone who was paying attention. The initial asking prices of $877,000, $890,000 and $919,000 were too high and the listings languished until the summer when a 10-15% price cut across the board attracted interest. By Labor Day of last year, all three were in contract, with promised closing dates of early November. It wasn’t until around Christmas that buyers wre told that it could be another couple of months until closing. It seems there was some delay with the Certificate of Occupancy. In a black hole of communication, one buyer managed to get into the building when he walked by and saw some workers on site. When he got up to his apartment, he saw the appliances had been ripped out. A leak from the top floor had poured down into lower apartments and the bannisters were rusting already. His panicked call to the listing broker yielded the admission that the hold-up had to do with problems with the mezzanines and plans that had been incorrectly filed. The architect? Robert Scarano. With the expected delay now projected at one to two years, the developer let all three buyers out of their contracts. All three listings remain on the Corcoran site as of this morning.
364 Myrtle Avenue [Corcoran] GMAP P*Shark DOB
Set Speed Condo Report: 364 Myrtle Avenue [Brownstoner]
What’s Up With The New Building on Myrtle? [Brownstoner]