Condos of the Day: Still No Action at 364 Myrtle Avenue
This is one developer who must be wishing he’d never crossed paths with architect Robert Scarano. After finding buyers for all three units at 364 Myrtle Avenue in early 2007, the developer had to let all of them out of their contracts when Scarano’s high-profile problems with DOB got in the way of a C…
This is one developer who must be wishing he’d never crossed paths with architect Robert Scarano. After finding buyers for all three units at 364 Myrtle Avenue in early 2007, the developer had to let all of them out of their contracts when Scarano’s high-profile problems with DOB got in the way of a C of O on the property. He then tried to rent the units last fall for very un-Myrtle-like prices before putting them back on the market in January. Then in May, with none of them sold, he actually hiked prices. Now he’s gone and cut prices to slightly below where they were in January. (The three apartments are now asking $885,000, $825,000 and $749,000.) Meanwhile, you gotta assume the two years of carrying costs are starting to hurt.
Kara Kasper’s Listings [Corcoran] GMAP
364 Myrtle Avenue [StreetEasy] P*Shark
Condos of the Day: Whiplash at 364 Myrtle Avenue [Brownstoner]
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]
also, it is way too far from the subway.
10:40: Obviously you are beyond gentrifying. The ghetto is gone. Get out.
If he had done six or seven 1BR’s or a combo of floor-thru 1-2 BR’s he likely would have sold out long ago. Three duplex 3 BR’s on that block? C’mon.
NY loves the crack…
Too much to live in da hood.
When will you learn you cant gentrify everything.
How many USB ports on that thing?
Or by imitating Darth Vader.
This photo in contrast to the one from the post above is the best argument for landmarking, which I never thought I’d like.
“this new construction attempts to set itself apart from the others…”
By not selling?
Yeah okay, broker at 5:44. You gave yourself up somewhere between ‘went’ and ‘open.’
I went to the open house here and some other places and the spaces are really really nice… have you seen them? We’re not ready to buy but of everything we saw these were way nicer (I mean a lot nicer) and confusingly cheap. They have a 1688 sq ft 3BR really cool duplex for $749K. Around the corner… across the street… you can’t get basic boring 1000 sq ft 2BR for that price.