Yet another Caton Avenue property is for sale with approved plans for condos, this one in Prospect Lefferts Gardens. Last week, we wrote about 417 Caton Avenue, on the market for $1.35 million, and Caton On the Park (technically on Caton Place, which is really close to Caton Avenue), where construction on 107 apartments abruptly stopped with 40 percent of the work done. This newest property has plans to build 27 apartments and 24,400 square feet, only a few blocks away from Prospect Park. Asking price is $1.83 million, not much more than the $1.2 million purchase price two years ago. Think this one will be able to find a buyer?
Work Stops At Caton On the Park [Brownstoner]
417 Caton Avenue Going For Another Flip [Brownstoner]