4th Avenue's Argyle 60% Sold
The Argyle condo is shaping up to be a sales success story. Sixty percent of units in the under-construction building on 4th Avenue and 7th Street are in contract, according to Dan August Cordeiro, a senior managing director with Corcoran Sunshine, which is marketing the condo. Sales for the building began in October, and the…
The Argyle condo is shaping up to be a sales success story. Sixty percent of units in the under-construction building on 4th Avenue and 7th Street are in contract, according to Dan August Cordeiro, a senior managing director with Corcoran Sunshine, which is marketing the condo. Sales for the building began in October, and the sales office is located an avenue and a few blocks away from the development, on 5th Avenue in Park Slope proper. Cordeiro says having the off-site sales office has been helpful, and that the prices on units have been raised three times. He thinks the main selling points are the “quite lovely” floor plans and “spot-on” pricing. Prices are now averaging around $700 to $750 a square foot, which “is still a relatively good value” for the area, according to Cordeiro. “Most of the buyers are from Park Slope,” he says. “People who really get the Slope understand that 4th Avenue is now part of the neighborhood.” Although the building is very much still under construction, it’s scheduled to be ready for move-ins by the end of this year.
The Argyle [Official Site]
The Argyle Follows 4th Avenue Pricing Pattern [Brownstoner]
The Argyle: Using 5th Avenue to Sell 4th [Brownstoner] GMAP
Jerri:
Townhouses in Park Slope sold for more per square foot than in Chelsea well into the 1990s. It was only in the past 10 years that Chelsea has taken off as any kind of special neighborhood.
“think Cobble Hill Carroll Gardens is a much nicer area than Park slope. I think what most forget is how small Cobble and carroll are Park slope is Huge and expanding.”
why must you Brooklynites constantly comapare your genitalia. Are you that insecure?
I can understand that on a square foot you can get more return on your investment, but it seems like a demand is not being met. And if one marketed a building with a majority of 3 bedrooms geared towards kids, I betcha the thing would be sold out before opening day. That is the return I would like if I was a developer, not some per square foot number crunching accoutant stuff. In other words High demand MOre money per sq. foot. seems like a reasonable approach.
I think rather than live on 4th Ave. to claim you live in Park Slope, you’d be better off going slightly further West the Gowanus area or to C. Gardens around 3rd and Smith. The amount of time it takes to get to Prospect Park is comparable. Or, move east to Flatbush and be right next to the park.
“Park slope is Huge and expanding.”
Not to state the obvious, but clearly that means a lot of people do like Park Slope, no?
This one seems to be nicer than the other current 4TH Avenue construction. Hopefully for the current buyers it will sell out; I think the other ones are in trouble. What people understand is that 4TH Ave is the only place most younger buyers can get into the neighborhood, and this looks a lot nicer than the Novo or Crest. The location is not great from a traffic perspective, but it’s not too far from stuff.
It’s great that you love Cobble Hill and CG over Park Slope, 12:19. I take it you live there. That’s the beauty of it…everyone has different likes/dislikes and taste. And everyone has things that are more or less important to them.
If everyone liked the same thing, we’d have a problem.
I think Cobble Hill Carroll Gardens is a much nicer area than Park slope. I think what most forget is how small Cobble and carroll are Park slope is Huge and expanding.
Move in by the end of the year…
We all know that is not gonna happen. In the last four months they haven’t even gotten up another floor. I’ve never seen a worker on sight there. So happy I decided to look elsewhere.