Another Big Development Brewing on 4th Avenue?

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A local investor has been buying up properties on 4th Avenue between 15th and 16th Streets in South Slope, which could mean a new megadevelopment is coming to the block. One More Folded Sunset noticed that six buildings on the east side of the avenue have recently changed hands. The sale of 549 4th Avenue last month, for $2,250,000, filled in the last gap in a contiguous run from 543 to 553 4th Avenue.

The blog wondered if more buildings in the row might be next, particularly No. 541, on the corner of 15th Street, which has an interesting old ad for Uneeda Biscuits still faintly visible on its brick. All of the properties are typical 20-foot-wide, three-family apartment buildings with storefronts. We don’t see any demolition permits yet.

The buyer is an LLC with an address on Manhattan Avenue in Greenpoint. Anshel Fridman of Nalcorp Investment Group is the managing member, according to deeds and mortgage documents.

Filling in a Buy-up Gap at 4th and 15th? [One More Folded Sunset]
Photo via One More Folded Sunset

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