Atlantic Yards No Selling Point for Nearby Sites?
A building smack at the crossroads of Park Slope and the planned Nets arena is on the market for $13 million. The property, on Flatbush between Fifth Avenue and Pacific Street, is across the street from the recently vanquished
A building smack at the crossroads of Park Slope and the planned Nets arena is on the market for $13 million. The property, on Flatbush between Fifth Avenue and Pacific Street, is across the street from the recently vanquished JRG Fashion Cafe and currently houses a furniture store as well as a few other retail spaces. Right now a developer can build up to 40,000 square feet on the footprint but, per the sales listing, there is excellent potential for partial block up-zoning to create a residential midrise or high-rise. Interestingly, the listing only includes a passing mention of the fact that the site is right across the street from the proposed Forest City Ratner Project spanning a large area around and over the Rail Yards. Perhaps brokers are shying away from using AY’s ginormous mish-mash of out-of-scale towers, constant construction and blaring traffic as selling points?
Flatbush Avenue Listing [Corcoran] GMAP
Ummm, the AY from a developer’s perspective is awesome. You WANT to buy across the street from that.
Here are some of the benefits:
1- Rapid property appreciation
2- Improved neighborhood visability and safety, helping to rent units more easily.
3- Improve government services, helping to further increase value.
4- If retails exists; greater foot traffic means more potential customers.
5- A HIGH likelihood of a zoning variance allowing for a larger more profitable building.
Thank you, 2:10pm, for pointing out what most posters completely fail to understand. And thank you 1:20 for inviting people to imagine Trump City right there at the corner of 6th Ave and Flatbush, because that’s exactly what it’s going to look like.
Yeah, 2:04, watch some other movies and pick up some new quotes, for God’s sake.
I don’t care so much if my property value goes up since I plan on living here for good. It’s my home, not an investment. What I do care about it more traffic, more crowded subways, more sewage, more drain on the electrical grid and so on. Is anything being done to address any of these issues?
We didn’t care the other 50 times you’ve posted that, 2:04.
Someday this war’s gonna end. That’d be just fine with the boys on the boat. They weren’t looking for anything more than a way home. Trouble is, I’d been back there, and I knew that it just didn’t exist anymore.
Captain Benjamin L. Willard – Apocalypse Now
The What.
The American Dream requires you to be asleep……
Not to mention that the Financial District’s residents have an income average of $165,000 per year. Three times the Manhattan average.
People need to wake up.
It is sad when people are so blinded by the idology that they refuse to accept reality.
Downtown Manhattan/BPC is about as great an example you’ll ever find of an area with massive construction (far greater than AY will ever be), of high rise structures (i.e. increased shadows, scale etc…), and enviromental issues (far greater then AY will ever present) where despite the above, prices are increasing (from a point significantly higher then virtually anywhere in Brooklyn).
Yet rather then accepting that reality and shifting arguments (or position) the typical/usual AY response is to say something retarted like – its because of low cost reconstruction loans. Which is of course retarted because the cost of the APARTMENTS to the consumer -rent/price- is going UP so the loans/incentives etc… havent been passed on to those that would object to ongoing construction, lack of amenities, etc….
And BTW pre-9/11 enough people wanted to live in BPC that prices there (inc rent) were still higher then virtually anywhere in Brooklyn.
I think we’ve found our AY effect moron.
1:24.