Residential Tower Going Into 4th Avenue Space?

DNAinfo has a few more details on the story we broke yesterday about the huge development slated for the corner of 4th Avenue and 11th Street. Unsurprisingly, it will be a residential high rise, according to one of the homeowners whose house is one of five, above, slated to be demolished to make way for the build. But JBS Project Management, which is managing the project, had no comment. Interestingly, it seems the developer picked up the large corner lot first, then approached each homeowner to sell. DNAinfo profiles one holdout, 90-year-old Lillian Striano, who initially didn’t want to leave her home of 43 years, until her son convinced her she wouldn’t want to live next door to all the construction noise and dirt. As we reported yesterday, most of the homeowners got just under a million for each of their properties, except for 239 11th Street, which cost the developers $2,500,000. Striano, whose sale has not yet hit public records, said she can’t afford to buy another property in the area and is moving to Staten Island.
90-Year-Old Widow Last to Move out at 4th Avenue Development Site [DNAinfo]

34 Comment

  • If she hasn’t actually sold already, somebody needs to give old Mrs. Striano a lesson in reality and numbers. If she gets $2.5MM also, she can move anywhere.

    • Certainly the article sounds like she was convinced to sell before the $2.5 price got around, as she says she can’t afford to live in the neighborhood anymore even after selling.
      Even setting aside whatever degree of hyperbole she might be unconsciously adopting, that sounds to me like she got far less than her neighbor two doors up. (OTOH, that lot was the second house down, and would have been impossible to work around I assume. Her house was the next to last in the row — the developer probably could have worked around it just by scaling back the corner development and renovating and fancifying the last house to sell again. Probably oculd have even traded away air rights to the corner lot.)

  • Since Mrs. Striano was the last holdout it’s a shame that she didn’t get enough money to stay in her beloved neighborhood. Moving will probably finish her off.

  • Are we supposed to feel bad for this lady?

    • Yes, at least those of us who have a heart and don’t reduce everything to $ & ¢.

      • Bob – she didnt have to sell!!!!!

        • Seriously. She should get millions for that house, I don’t see why we should feel bad for her.

        • Just because she did not _have_ to sell doesn’t mean her decision to sell (and who can blame her — do you want to spend the last 3-5 good years of your life next to a giant construction site) is not bittersweet for her and for the block.

          • If I were in this position it would sweet, period, with no bitterness. The little guy doesn’t often have the upper hand and this is a windfall akin to winning the lottery. I don’t know what she got but it should easily been multiples of the market value of the house absent pending development.

          • Why do you say multiples of market value? I think she’d be lucky to get 25% over free market value. Given the position of the property in the proposed development, the developer could easily have walked away from this offer.
            Also, I don’t think it is a windfall — a windfall would be if she had passed away and her relatives in SI with no current attachment to the house were able to sell it to a developer for “multiples of the market value.” As it is, she may (or may not) have bargained a good price, but it’s hard to price the cost of giving up her home of 40+ years absent avoding the negative cost of living next to construction for possibly the rest of her life.

          • Ok, so it’s position towards the end of the line does not value it as highly as the house in the middle of the development site, but if the developer does need to work around this property then that will mean a smaller footprint for the Condo and fewer $1,000 sqt. ft. units. The value of her house is based on some reference to the value of what can be built on this site – is it 20%, 50%, that I don’t know.

          • An example of my previous comment about those who reduce everything to $ & ¢.

          • I’ll give you bittersweet, as many of life’s decisions are…but she chose to sell, and had a lot of leverage, so presumably she did very well…so I dont see why she is being portrayed as practically a victim.
            Trust me, she (and her family) feel alot worse off if her house was practically worthless and couldnt leave a dime to her kin when she ultimately passes.

          • Someone’s looking for you, they said u may have dropped your heart in lane 6. U might want to check that out.

          • No my heart is in place, what was dropped in lane 6 is your common sense.

          • I’ll agree that it is bittersweet to see your lifelong neighborhood change such that you have to move, but that goes on all the time in a big city like NYC. The area I grew up in (north Gravesend) has changed dramatically over the last 20 years and the few old-timers left there face a choice: remain in an area with few of your friends around or sell-out to the immigrants who have moved in and who will likely knock down your one-family house to build a three family.

            Stories like the one above are only featured because it allows folks to once again place a black hat on big,bad developers.

          • u must be a wonderful dinner guest

      • Only if she didn’t get market rate, which, if she did, will allow her to buy another house.

        No, she could hold out and maybe should. It should give her more leverage unless they do a work around and don’t really need her property…then she’s screwed

  • This is a very charming block visually. A number of the wood frame houses have been restored, a number have nice front porches. God hopes that the developers are willing to take the time to design the building and the facade so it doesn’t completely undermine the feel of the block.

    • Boerumresident is right. It’s a very nice block in an unexpected location. I often make a detour to walk down this street – a lot of the owners have fixed up their houses, and those of their neighbors’, themselves. A Death-Star size condo hulking over the corner will
      certainly take away some of that charm.

      It sounds like Mrs. Striano didn’t feel she had much of a choice. Of course no one made her sell, but the reality of a 90-year-old having to leave a block where she was self-sufficient and engaged with her community, or otherwise live in a construction zone for a good percentage of her future, well, that is a grim choice.

  • The people who own property on any side streets just off 4th avenue and outside of the zoning overlay are the ones who are royally screwed.
    The first 5 lots are zoned R8A with commercial overlay after that it drops down to R6B.

    As for the prices reported except for 239 11th “Just under a million” sounds like the market price for South Slope…No great windfall.

  • Kudos to Ms. Striano for pulling a Daniel Goldstein. And without the insufferable self-righteousness too.
    In Staten Island, if you avoid the plastic neighborhoods, the malls and the freeways, and the concreted-over yard areas, you can find some excellent Victorians. She doesn’t need to commute anyway.
    Perhaps she’s going to move near that Sri Lankan restaurant on Bay st. and Broad -I’ve been tempted myself. Delish.

  • I’m SO glad I live in a place where deed covenants, zoning, and Historic District status make this kind of development virtually impossible. I’m NEVER moving!

    • Bob, there’s a 23-story, 250 unit luxury rental being built a couple blocks from your house. Lefferts Manor is well protected, but given the transit in PLG, every bit of land surrounding it is going to be developed eventually.

      • That’s fine and it’s displacing no one; the same for the 9 story proposed building on the Flatbush–Ocean block of Lincoln Road. What I meant was that I;m glad this type of development is precluded on MY block, in Lefferts Manor, and in the rest of the PLG HD and the Ocean on the Park HD.

  • making a 90-year old widow move out of her house against her will is bad karma. Just sayin.

  • The comments here are disturbing. Its the new Brooklyn. Nothing matters but $$$$$. SHE’S 90 YEARS OLD PEOPLE.

  • she is 90 years old, will get a million, no, no sympathy here.

    • “Hey old lady who has been here for over 40 years, We, the new wealthy Brooklyn, no longer want or need you. Hope you had a good life here. Now GTFO, this area is prime now. Here’s a mil, I’m sure starting over at 90 isn’t a big deal.”

  • There goes the neighborhood–
    Thankfully, the seller’s family probably doesn’t read these posts as many are mean spirited. What makes Bklyn so special is the delicate inter-weaving of all the stakeholders in the neighborhoods, not just more yuppies, money, discovered artists, etc.
    This is a “no win” for this lady: each choice is a death sentence. At 90+ yrs she won’t live long enough to spend the $$, and if she doesn’t move the upset of the construction would likely kill her.

    She should just sign it and move on; but that doesn’t make it less of a shame.

  • please take the million bucks and move. because even if she held out, with the new construction going on her quality of life will basically end. and dont forget with all the noise and pile driving, what if her house somehow gets cracks in itor shifts due to vibrations.

    while i feel for her, i really do, it is a shamen..but it is a miilion.

    i would take it and call it a day.

  • oh, i didnt edit.
    ugh, who cares