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July 17, 2009

The Elan Goes Partially Rental

elan%2007-2009.jpg
Only a couple weeks ago we noted that sales at the Elan, the condo on 1st Street between 4th and 5th avenues, have been very sluggish; now, via an eagle-eyed Forum poster, we learn that it's gone at least partially rental. StreetEasy says rents on 18 of the building's 32 units are ranging from $2,200 for a 946-sf 1-bedroom to $4,500 for a 1,512-sf 3-bedroom. There are also still sales listings up for the building and three units have sold.
Checking in on The Elan [Brownstoner] GMAP




Posted by Gabby at 11:00 AM | Comments (17)
Categories: 4th Avenue, Park Slope, Rentals

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Comments

the managers at that mcdonalds are real sticklers when it comes to people "loitering" in their parking lot. boo.

*rob*

Posted by: PitbullNYC at July 17, 2009 11:22 AM

Actually, the marketers of the building should sell the McD's as an amenity: just as residents of Park Avenue's Mayfair get to enjoy having Restaurant Daniel on their ground floor, the Elan offers the same sort of exclusive haute cuisine experience just steps from your front door....

Posted by: parkedslope at July 17, 2009 11:51 AM

that mcD's does have a dollar menu. Not that 1.29 value menu shit.

Posted by: Santa at July 17, 2009 12:33 PM

Wow - they actually sold 3 units!!!
I want to see these people

Posted by: loty at July 17, 2009 2:18 PM

We were at their open house. The 3 bedroom units were spacious and well laid out but unfortunately located on the lower floors. The 2 bedrooms although located on the higher floors had some strange layouts. In a couple of the 2 bedrooms, you'll find a column firmly planted in the middle of the room or right in front of the window. I just can't understand why the architech didn't hide those columns in the walls or between closets and bathrooms. It's a prime location and just a few blocks from Union St. Can't understand why there are not more buyers.

Posted by: Magilla Monsoon at July 17, 2009 2:47 PM

I'm lovin' it!

***Bid half off peak comps***

Posted by: Brownstones Half Off at July 17, 2009 3:33 PM

^^ uh because no one wants to pay that amount of money to live on 4th ave next to a McD's.

Posted by: Santa at July 17, 2009 3:36 PM

> Can't understand why there are not more buyers.

Really?

$599k for a 1BR next to the McDonalds on 4th Avenue, and you can't understand why there aren't more buyers?

Yeah, it's a real frickin' mystery.

Posted by: DitmasSnark at July 17, 2009 3:47 PM

"It's a prime location"

Uh, no, it isn't. Nothing on 4th Avenue is "prime". And this is on the wrong side of 4th Avenue, so it is even more not prime.

But there is no need to complicate things. Just repeat this over and over and over until it sinks in:

4th Avenue is not prime
4th Avenue is not prime
4th Avenue is not prime
4th Avenue is not prime
4th Avenue is not prime
4th Avenue is not prime
4th Avenue is not prime
4th Avenue is not prime
4th Avenue is not prime
4th Avenue is not prime
4th Avenue is not prime

Posted by: northsloperenter at July 17, 2009 4:08 PM

> And this is on the wrong side of 4th Avenue, so it is even more not prime.

What is the prime side of 4th Ave? I would have thought it would be the side "closer" to the park. At least it's not directly on 4th ave?

Posted by: nycdelisauce at July 17, 2009 4:16 PM

deli, nsr is wrong about the side of the street, altho not wrong about 4th Avenue is not prime.

Posted by: denton at July 17, 2009 4:27 PM

no, it's the correct side of 4th avenue. i live on the corner of 5th ave and 1st street by the bank and this building is down the block from me.

*rob*

Posted by: PitbullNYC at July 17, 2009 4:44 PM

also i like 4th avenue much better than 5th and 7th. so people have differing opinions. (im not defending this building tho)

*rob*

Posted by: PitbullNYC at July 17, 2009 4:45 PM

What is indefensible is running that photo. You can't even see anything in it. Mr. B, you need to come over and learn to use photo editing software, or something.

Posted by: denton at July 17, 2009 4:53 PM

and he NEVER takes a picture of the front of the building showing the balconies and windows, or the giant parking lot on the other side of it. always a full shot of the mcdonalds hahah

*rob*

Posted by: PitbullNYC at July 17, 2009 5:09 PM

Wow. Classic case of BHO's pet peeve "rents not equaling cost of ownership." Geez. And I'm not even sure I'd pay the rents they're asking for this location.

Posted by: mopar at July 17, 2009 11:03 PM

"nsr is wrong about the side of the street, altho not wrong about 4th Avenue is not prime."

What he said...

In my defense, I was confusing this building with the one next to the Kentucky Fried Chicken (which is on the Gowanus side of 4th).

Oh, and if anyone doubts that '4th avenue is not prime', see above under 'rob likes 4th ave better'.

;)

Posted by: northsloperenter at July 18, 2009 9:14 AM

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