500 4th Avenue 40 Percent Sold
We’ve been noticing a steady stream of closings at 500 4th Avenue since the first ones began at the beginning of June (when this photo is from—construction is now complete), so we decided to check in on how the 156-unit Park Slope development was faring. Pretty well, it turns out. Four months after hitting the…
We’ve been noticing a steady stream of closings at 500 4th Avenue since the first ones began at the beginning of June (when this photo is from—construction is now complete), so we decided to check in on how the 156-unit Park Slope development was faring. Pretty well, it turns out. Four months after hitting the market, the project is 40 percent sold, with 61 units spoken for (and several new owners already moved in). Streeteasy shows units are selling close to their asking prices too. Apartments, which include studios as well as one-, two- and three-bedroom units, range from $342,000 to $1,225,00.
500 4th Avenue Ready to Close [Brownstoner] GMAP
It’s a block to 5th Avenue and 12th Street which is what, the OTB parlor?
I’m amazed at the psf price for this location.
500 4th seems to have terraces which are rare at @Be which can explaim some of the price.
Also, @Be common charges seems much higher….can anyone explain that? especially since 500 4th billing itself as ‘white glove’ amenities yet c.c. of $350 of large 1 bedroom $550k apt?(all figures are approx). Sounds really under estimating.
Nw all it needs is an Olive Garden!
Be@Schermerhorn may have a better location, but the trim at 500 4th is definitely better. Also, no W/D in unit in the former.
Pete, I’d argue that this location is better. Be@Schemerhorn looks like a nice building but that immediate area is gross.
This is a block to 5th Avenue and close to all the cool stuff opening up in Gowanus (Bell House, that new pie place, the new Chinese place, etc).
I went to look at some of the units a few months ago with the majority of the building wrapped in construction paper/tape…mostly finished construction. I thought most of the units were ugly. The colors of the interior and exterior are kind of depressing. I don’t know if it was intentional by the developer or architects but every room they showed me had slivers of open crevices that were awkward and unappealing.
I walked by the building a few days ago, it actually looks pretty nice from the outside at night with the doorman and lobby furnished….though it’s still an eyesore during the day. And it seems FHA people have already moved into the building. Those amenities also will cost you an arm and a leg in the CC and asking price.
impressive indeed. still more like gowanus than park slope though
thats more than 10% more per sq ft than @BeSchermerhorn-
which looks nicer on outside but I don’t know the inside.
11217, we’ll all be sucking it if these are FHA loans with 10% down