Way back in June, the folks marketing 500 Fourth Avenue beamed out a press release saying that the mammoth 12th Street condo was 20 percent sold and closings were slated to start in the fall. The latter didn’t happen, which isn’t too surprising given how long it takes for most new condos to be move-in ready, and there’s still no TCO. At this point, StreetEasy is showing that 39 of the building’s units are in contract and there are active listings for another 77. What is a little surprising is that there haven’t been any price cuts: Listings are ranging from $342,000 for a 539-square-foot unit to $1,077,000 for a penthouse, as they have been for nearly a year. This big boy’s still got a long sales slog ahead of it!
500 Fourth Avenue 20% Sold; Opening in Fall? [Brownstoner] GMAP
500 Fourth Avenue Listings [StreetEasy]