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
Park Slope is nice but I dont think it compares to the Cobble Hill area…
What is with the fascination of the P-SLOPE area?
There is virtually no possibility of developing high density housing in Park Slope near the park. While the zoning allows for medium-density multifamily dwellings on the blocks along the park – they are also landmarked. This is why the area hasn’t changed since the depression.
Had the depression not happened, it would be totally lined with 15+ story buildings. Instead, we have a couple highrises but also lots of townhouses and small apartment buildings.
Personally, I think the historic district should stop at 9th street. I’d say the majority of the buildings on Prospect Park West south of 9th street are not particularly significant and some of them look like slums. The southwest corner of Prospect Park is perfect for high-density development.
Lobby your local government officials. It is only natural that high density development should surround a major park like Prospect Park. It is a travesty of justice that such a beautiful community asset can only be enjoyed by the privileged few.
@11:09 AM
Trust me: Bay Ridge people love to drive through Park Slope. Must be fun to pay $1millio n to live right in front of a race track.
Did anyone else see the trees depicted on middle of 4th Avenue on the Argyle site…? Is that planned, wishful thinking, or just a way of fooling potential buyers…?
You are correct, 11:06. There is a need for 3 bedroom apartments in Park Slope. But not so much along 4th Avenue, I don’t think. I see parents more inclined to be closer to Prospect Park and singles/young couples closer to 4th and 5th Avenues.
The Vermeil and On Prospect Park have 3 bedrooms for sale. I’m sure there are others. There are also 3 bedrooms in brownstones that occassionally come onto the market.
I don’t see The Argyle as a building attractive to a couple with 2 kids.
I guess argyleparkslide.com and argyleparkslum.com were taken?
and Santa Claus and the Tooth Ferry exist.
I don’t trust a one source story where the only source is a real estate broker with an obvious bias.
Chatham condo in Hells Kitchen was built in less than a year AFAIR. (http://www.mgroupnyc.com/chatham_44_464_w_44/condo)
That is a luxury condo in Manhattan. This a mid level condo in Brooklyn. I’m pretty sure 1 year construction is more than reasonable.
LOL you said Bay Ridge.
Can anyone tell me why these new buildings have such a small number of 3 bedroom apartments. It seems with all the kids in Park Slope that Parents with 2 small children would be so hungry for an apartment that they could own for years while the kids get older. If I was a developer I would make this building 50% 3 bedrooms.