The building at 364 Myrtle has had a rough ride. A Scarano design, the three-unit building got bogged down in Mezzanine-gate a year ago after all the units were already in contract. With no C of O in sight, the developer honorably let the buyers out of their contracts. Last fall, he tried to rent out a couple of unit for around $5,000 a pop. Either there were no takers or the owner thinks the condo market has improved since October because all three units just came back on the market as condos—at about the same asking prices as back in early 2006. The two lower units are now on the market for $899,000 and the upper one is asking $875,000; all three are over 1,500 square feet. These are pretty spacious and the location is increasingly nice (go MARP!) so we wouldn’t be surprised, at about $500 a foot, to see these find buyers without too much struggle.
Kara Kasper’s Listings [Corcoran] GMAP
364 Myrtle Avenue [StreetEasy] P*Shark
Rental of the Day: 364 Myrtle Post-Scarano Switcheroo [Brownstoner]
364 Myrtle Avenue: Scarano Strikes Again [Brownstoner]
What’s Up With The New Building on Myrtle? [Brownstoner]