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July 25, 2008
Signs of Life at the Novo
Seems that some Novo buyers were very eager to call the 4th Avenue condo home. A reader sent the photo above, snapped today, along with the following note: "More people have been trickling in, and one of the contractors working on the ground-floor space says there have been people living there for almost a month. Boymelgreen's contractors are still taking forever to fix up the section of J.J. Byrne park behind the building." If it's true that the Novo's been inhabited for almost a month, some buyers must have closed and moved in as soon as the building's temporary C-of-O came through. According to Property Shark, there have been nine closings at the 116-unit Novo, ranging from $345,000 to $910,000. We don't know how much of the building is in contract or remains to be sold. StreetEasy shows 12 active listings at the condo, with the priciest going for almost $1 million.
The Novo Finally Becomes Official! [Brownstoner]
Should We Feel Sorry For Novo Contract Holders? [Brownstoner]
C-of-O Woes for the Novo? [Brownstoner]
Novo Takes a Nosedive [Brownstoner] GMAP
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Comments
good news....
hopefully they will finish the work on the park soon.
Posted by: troll at July 25, 2008 11:43 AM
I closed just a bit ago headed to the Novo. There are quite a few residents already living in the building, I would say 15-20 apartments are occupied and there is already a full time doorman on duty. It looks nice.
Posted by: puck404 at July 25, 2008 12:51 PM
You have my sincere sympathy.
Posted by: dittoburg at July 25, 2008 1:16 PM
Puck - congrats on the place. I walked by the building the other day and it looks really nice. I am sure that you won't have any regrets. Welcome to park slope.
Posted by: troll at July 25, 2008 1:20 PM
dittojurk your soooooooooooooooooooo jealous
Posted by: janko at July 25, 2008 2:06 PM
The term is envious, not jealous.
Oh yea, I'm way envious of living there, you've got me
Posted by: dittoburg at July 25, 2008 2:12 PM
dittojurk you are soooooooooooooooooooooooooJEALOUS
Posted by: janko at July 25, 2008 2:14 PM
Your grammar is improving.
Posted by: dittoburg at July 25, 2008 2:20 PM
dittojurk thank you
Posted by: janko at July 25, 2008 2:22 PM
In the long run this will be good for 4th Ave and good for Park Slope ... welcome to the 'hood.
Posted by: Mr Joist at July 25, 2008 4:04 PM
In the short run, many of these will either be rentals or had for half off peak price.
Posted by: DOW8000SP800 at July 26, 2008 10:14 AM
They will not become rentals or loose value. The area is very desirable. Your a short walk from 5th avenue's resturant row and very close to the city.
I strongly believe that in 15 years 4th avenue will look very differently then it does today.
The Novo will become more popular as the strip gets more populated. 4th avenue has much more potential then say red hook.
Posted by: troll at July 26, 2008 10:41 AM
they should have put retail on the bottom floor.
the fact they didn't makes hate this place.
Actually I dont think any new condos on 4th ave have retail.
wtf
Posted by: Santa at July 27, 2008 12:00 PM
I am glad that they don't have retail space on the ground floor. As a commercial property owner in park slope I would prefer to have these new residents walk up to where my building is.
Increased traffic=more buisness=good rent.
Posted by: landlord at July 27, 2008 2:51 PM
Santa, 4th Ave retail is zoned for 'community service', which is why Methodist has rented it out for a cancer care facility. I don't get it either.
Posted by: denton at July 28, 2008 6:26 AM
troll = broker = corcoran self-defense?
Posted by: softlayer1 at November 3, 2008 9:19 PM
Latest Restaurant Additions
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Chez Lola
added November 21, 2008 12:02 PM in Clinton Hill -
Nana
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Pomme de Terre
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Scopello
added November 18, 2008 12:01 PM in Fort Greene -
DiFara
added November 17, 2008 11:59 AM in Midwood -
Chiles y Chocolate
added November 14, 2008 12:02 PM in Park Slope -
Downtown Bar and Grill
added November 13, 2008 11:58 AM in Cobble Hill -
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added November 12, 2008 11:57 AM in Park Slope -
The Chocolate Room
added November 11, 2008 12:01 PM in Cobble Hill, Park Slope -
Tanoreen
added November 10, 2008 12:02 PM in Bay Ridge
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