Condos of the Day: Whiplash at 364 Myrtle Avenue
The building at 364 Myrtle has had a rough ride. A Scarano design, the three-unit building got bogged down in Mezzanine-gate a year ago after all the units were already in contract. With no C of O in sight, the developer honorably let the buyers out of their contracts. Last fall, he tried to rent…
The building at 364 Myrtle has had a rough ride. A Scarano design, the three-unit building got bogged down in Mezzanine-gate a year ago after all the units were already in contract. With no C of O in sight, the developer honorably let the buyers out of their contracts. Last fall, he tried to rent out a couple of unit for around $5,000 a pop. Either there were no takers or the owner thinks the condo market has improved since October because all three units just came back on the market as condos—at about the same asking prices as back in early 2006. The two lower units are now on the market for $899,000 and the upper one is asking $875,000; all three are over 1,500 square feet. These are pretty spacious and the location is increasingly nice (go MARP!) so we wouldn’t be surprised, at about $500 a foot, to see these find buyers without too much struggle.
Kara Kasper’s Listings [Corcoran] GMAP
364 Myrtle Avenue [StreetEasy] P*Shark
Rental of the Day: 364 Myrtle Post-Scarano Switcheroo [Brownstoner]
364 Myrtle Avenue: Scarano Strikes Again [Brownstoner]
What’s Up With The New Building on Myrtle? [Brownstoner]
i can’t speak to the construction or whether the pricing is on point, but based on the outside of the building and the pictures, i think its rather pretty. I like it, especially juxtaposed with older buildings. And i don’t think the location is too bad, either. And I think it will find buyers, afterall – all 3 were in contract in 2006.
875k for a (effectively) 5th floor walk-up???
That location may be increasingly nice, but at a snail’s pace. The walk to the subways still sucks, and the b54 doesn’t help much.
Lets check back on these in 3 mths and see howm much they have been reduced by. I say 30% or maybe they will go rental again, then get relisted for sale again then go rental again etc etc..
Awful location, shoddy construction, WAY overpriced.
NO DEAL.
Yeah, I agree with 2:26. Why would I buy a condo in a “building that just seems to be stuck between two other buildings”, when all those other new developments are being created on the vast open tracts of bucolic fields and valleys that are so common throughout Brooklyn?
This is a very ugly building that just seems to be stuck between 2 other bldgs.
“…location is increasingly nice…”
In this market, at that price, I need nice today.
Wow ! ! !
You’d think Mr.B’s name was John Nizer