500 4th Avenue Listings Hit the Web
500 4th Avenue, the love child of Robert Scarano and Isaac Katan, has finally hit the market. So far, 79 out of 135 units have popped up on StreetEasy. Listings range from $342,000 for a 539-s.f. one-bedroom to $1,426,000 for a 2,789-s.f. two-bedroom. The average price per square foot of $706 is less than the…
500 4th Avenue, the love child of Robert Scarano and Isaac Katan, has finally hit the market. So far, 79 out of 135 units have popped up on StreetEasy. Listings range from $342,000 for a 539-s.f. one-bedroom to $1,426,000 for a 2,789-s.f. two-bedroom. The average price per square foot of $706 is less than the Argyle and The Crest but slightly higher than Novo. GMAP
539 sf for a one bedroom, any idiot who buys this deserves to be piled on each other like a bunch of roaches.
Denton, I am saying the building was done better than Novo and Crest – Not the location.
Denton, I’m not really sure anywhere on 4th would be considered “prime PS”
Better, yes. Prime, no.
But I see your point.
NSS, why do you say these are better than the Crest and Novo? You mean no yellow brick?
Novo and Crest are on the better side of 4th and are in prime PS.
Right on top of 4th Avenue these prices are hard to fathom. A friend went to see the “model” apartment and the usual aspects are there as in high end appliances, gym, parking etc but the outside of the buildings outer shelf already looks drab/filthy and the coverings are not even completed.
Could cope with a rental but hard to buy at these prices. Also there’s a ton of pictures on the last page of the handout, some of which are no where near this building – 10 blocks plus !
For South Slope, it’s crazy. $634/sqft for a 2nd fl “1 bedroom.” Anything that is called a “sleeping alcove” is not a bedroom. The living/dining room is tiny and the sleeping alcove is akin to a cave in Afghanistan. The area is not PS. I’m thinking more like $450-500/sqft which would put them below 300.
I live nearby and have watched them build this for almost a year. It is definately a notch above NOVO and Crest, however for this lcoation and this market, 700+ per sq. foot is not going to fly. It is kind of funny, where have these people been for the last year? Dont they read newspapers or watch TV? If they came out of the box with prices in 500-600 range, they would be moving these things no problem. Instead they will languish for many months until the developers decide to slowly drop the prices and finally try to rent. Even then they will still take a bath on this thing.
Just slash the prices 20% now and start moving these things. Its sad how out of touch people in real estate are.
“OBJECTIVE: Dedicated to creating a contextual building that reflected the feedback and character of the Park Slope neighborhood.”
The Prudential Elliman site is showing 79 listings in the building. All the layouts are typical of the ‘box style’ condos that have popped up in the area. Nothing special to see here.