Big on 4th: Rental or Condo?
Work’s progressing on Issac Katan’s building on 4th Ave. between 12th and 13th, a big baby that’ll have 135 units when all’s said and done. Aside from a rumor that this place was going to host an Olive Garden, there’s precious little info out there about 500 4th. So we wonder: Condo or rental? On…
Work’s progressing on Issac Katan’s building on 4th Ave. between 12th and 13th, a big baby that’ll have 135 units when all’s said and done. Aside from a rumor that this place was going to host an Olive Garden, there’s precious little info out there about 500 4th. So we wonder: Condo or rental? On the pro-condo side, Katan had a hand in another 4th Ave. condo, the Novo, and sales at the most recent non-rental on the strip, the Argyle, are none too shabby. On the pro-rental side, though, we’ve got today’s market, the fact that Novo sales have been fairly lackluster, and a lack of marketing for the building so far. Seems to us like this one could go either way. Your $.02, please:
Hey Polemicist –
Don’t be such an asshole. I live on 12th St and there are plenty of nice buildings. Although there is some aluminum siding, I would hardly call them “third world hovels.” Get over yourself, you arrogant asshole!
12th may not be all that, but 13th between 4th and 5th Aves is a nice block. There are some frame houses, brick townhouses and a few bigger apartment buildings, mostly in relatively good shape, which is unusual for this part of the neighborhood.
Propertyshark has every single building photographed in that area.
Why don’t one of you people choose which you consider to be the most attractive?
The vast majority of the houses are plastered with aluminum siding and look like third world hovels. There are more than a few “out of context” rent-stabilized tenements that are crumbling.
There is one reasonably well maintained wood-frame house close to Sixth Avenue, but that’s it.
Obviously, beauty is in the eye of the beholder – and if you think aluminum siding is just dandy, so be it. But whatever is built on this site is going to be far better than the shacks that presently are found in the area in abundance.
Polemicist obviously has not been in the area for some time as there are many nice houses on 12th and the adjacent streets. I walk by this condo/rental/olive garden wannabe every day and am hoping for a good market/green grocer.
Once again, Polemicist is WRONG. There are many lovely houses west of 6th Ave on 12th St.
It’s no Montgomery Place, sure, but it ain’t bad.
I LOVE that area.
Its is so “edgy”.
I hear thy are opening several restaurants, hotels and clubs there.
Signed,
A broker
What would really put 4th avenue on the map is if Apple opened a store there.
Jealous assholes.
I lived on 12th street for many years. There are absolutely NO beautiful buildings on that street west of 6th Avenue, and precious few the entire way even to the park.
The presence of the Ansonia factory for over a century permanently damaged the housing stock.
It should all be bulldozed.