Stalled 4th Avenue Site Sold; Work Resuming?
Yesterday the sale of the stalled site on 4th Avenue and Carroll Street was recorded in public records for a hair over $9 million. The incomplete building, which has been a no-go for many months now—and, on occasion, scary as hell to behold—may yet be completed. A construction crew has come back to the site…
Yesterday the sale of the stalled site on 4th Avenue and Carroll Street was recorded in public records for a hair over $9 million. The incomplete building, which has been a no-go for many months now—and, on occasion, scary as hell to behold—may yet be completed. A construction crew has come back to the site in the past week and appear to be doing remedial work, which is all the SWO on the property allows. There hasn’t been any new permit activity in the past year, but hopefully all these signs are pointing to a future non-carcass on 4th Ave.
Horror Show Friday: Scary Winds on 4th Ave & Carroll [Brownstoner]
Development Watch: 255 4th Avenue [Brownstoner]
255 4th Avenue on the Rise [Brownstoner] GMAP P*Shark DOB
Development Watch: 4th Avenue Twofer [Brownstoner]
Development Watch: Unstable at 255 Fourth Avenue? [Brownstoner]
also an indicator of construction loan availability — market in defrost mode”
And/or an indicator of collapsing prices ripe for vulturing – market in collapse mode.
What was the previous sale price for the property?
***Bid half off peak comps***
Who/what is behind all this 4th Ave. stuff? Now I want to look up the CB blog reports to see what goes on there.
yes. i noticed that this morning. good news.
also an indicator of construction loan availability — market in defrost mode.