Desperation Sets in at 364 Myrtle Avenue
We wonder whether the owner of 364 Myrtle Avenue is suing Scarano Architects. After all, the owner was in contract on all three duplex units in the newly constructed building back in 2007 when the architect’s aggressive interpretations of the building code caused massive delays in getting a C of O for this building (and…
We wonder whether the owner of 364 Myrtle Avenue is suing Scarano Architects. After all, the owner was in contract on all three duplex units in the newly constructed building back in 2007 when the architect’s aggressive interpretations of the building code caused massive delays in getting a C of O for this building (and many others as well). The owner let all of the buyers out of their contracts and then, as far as we know, rented them out last year. Six weeks ago, however, he put the entire building back on the market for $2,400,000; there’s been a price reduction every week or two since bringing the current asking price to $1,850,000. Tough times.
364 Myrtle Avenue [StreetEasy] GMAP P*Shark
Still No Action at 364 Myrtle Avenue [Brownstoner]
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]
I friend of mine was assaulted near this building a few weeks ago, 10am… broken jaw, teeth… I’m still not convinced about the area…
Seems the units are rented to all young couples, lot of space for the money, most light and space of any condo even close on the market. Top floor is spectacular even if it is a bit of a hike. Not luxury finished to match the overall architecture but great place from what I have seen
my guess is probably not. A lot of people tried to drive a truck through a loophole (specifically relating to mezzanines and ceiling heights). It’s like Madoff’s ponzi scheme, if it’s too good to be true…
The City could require the buildings be torn down- but probably just require modifications to bring it into line. somebody must have already lost their shirt on this particular one.
Would errors and omissions insurance cover the “creativity” Scarano brought to the table? Insurance doesn’t usually cover fraud. Also the owner must have known Scarano was providing value-added FAR. Who would have a standing to sue? The city?
grip: AIA does not provide insurance for architects, though architects should have errors and omissions insurance (essentially malparctice). If you are a registered architect and you are signing forms and drawings that you do did not have a part in making- that is illegal (not that it doesn’t happen). Same as a lwayer, accountant, etc.
The big problem (there are many) with this building is that the architect self certified what was essentially a building that did not comply with zoning regulations. Nobody caught on (or wanted to catch on) until it was too late and the thing had been built.
think I found my rental – if the guy willing to take $2k
$4,000?!?! WOW..Myrtle sure is on the come up.
Also i want to say that the AIA protects architechts with insurance and it’s why companies have to have a board certified architect sign the form, even if they don’t do the actual work.
Do architects have malpractice insurance? It would help market the property if it were an empty lot.
“I don’t understand – so you can rent if the building has no CofO but not sell them?”
Guys without a C/O you can’t rent or sell anything! Wake up it’s over go home!
The What (Yes it’s over)
Someday this war is gonna end…