Checking In On 500 4th Avenue
When we last wrote about 500 4th Avenue, Isaac Katan’s 135-unit new development on Brooklyn’s “Park Avenue” between 12th and 13th Streets, the one comment the post received was a question: “Any updates on the “Rental or Condo?” question?” As of two months ago, we now know that the developer decided to roll the dice…
When we last wrote about 500 4th Avenue, Isaac Katan’s 135-unit new development on Brooklyn’s “Park Avenue” between 12th and 13th Streets, the one comment the post received was a question: “Any updates on the “Rental or Condo?” question?” As of two months ago, we now know that the developer decided to roll the dice with condos. So far, according to StreetEasy, four of the units are in contract and the average price per square foot asking price is $715; there has yet to be a single price cut. Only a matter of time, we’d assume.
500 4th Avenue Gets Its Skin [Brownstoner] GMAP
Olive Garden: South Slope Restaurant Rumor is BS [Brownstoner]
Alright, I’ve been reading blogs about new developments in Brooklyn and I keep asking myself this question…..Do bloggers ever like new developments in brooklyn? I check out blogs from time to time because I am someone who is actually interested in buying property, and all I ever see is people trashing new developments. I have news for you, NYC is and always has been a developing city. so go back to middle america and stop complaining about a city that you simply dont understand. and stop pretending you know anything about real estate if your a renter. your landlord is the criminal…..wheres your rent now?
I actually think this building has turned out to be far more attractive than I ever hoped or expected. Not that that’s a huge statement, but still.
> “I live by here and it’s such an eyesore”
Oh yes, and everything else along that stretch is a veritable feast for the eyes.
I’d move into this hulk if they drop the prices in a BIG way.
Insanity. The asking price on the gorgeous 8th Ave HOTD–which consensus suggests is too high–amounted to about $640/sf. So there’s a premium for living in a condo on 4th Avenue?
UGH!
I hate this building – I live by here and it’s such an eyesore
uggggghhhhh!
Swine Flu – off on all fronts. I just have some solid knowledge regarding the horrible management of the Brooklyn offices at Prudential Douglas Elliman. I believe change is on the way.
Rhymes with “schmental.”
With prices at The Edge in Wburg slashed to $700 a sq ft, the developer can dream on about those $715 asking prices. $500 a sq ft, more like.
My best guess to sell this place $500 psf and developers pay $3000 towards closing costs. Then they can attract the young and the priced-out.