House of the Day: South Slope Brick
We think this three-story South Slope brick looks quite charming both inside and out but we’re not sure if the asking price is pushing it for a house this size. As usual, we’re not getting any help with the address from the Warren Lewis website, but an educated guess has to put it in within…
We think this three-story South Slope brick looks quite charming both inside and out but we’re not sure if the asking price is pushing it for a house this size. As usual, we’re not getting any help with the address from the Warren Lewis website, but an educated guess has to put it in within the red circle. If so, how does the price strike you? The house just hit the market and we won’t be surprised if there’s a lot of interest. It would help if someone could let us know the address and any comparables that have sold recently. Note: This is a revised version of this post–we botched the location on the first go-round. Apologies.
391 16th Street [Warren Lewis]
This house sold for $1,270,00. Ca ching!!!!!!!
and the building behind it is still not even started yet……
400 15th street is the one in mid block that has caused the foundtion and facade of 396 to crack and shift. It is required to have parking. 408 15th street is the one with the stop work order and is being disputed. They have not broken ground yet.
it seems that there are *two* planned developments on 15th street between 8th and 7th, no? one in a parking lot, which seems not to have any foundation yet poured; the sign says ‘wong shan construction’. the other is a little further down the block, toward 7th; its address is 400 e. 15th. it has a work being done, though the architect’s rendition of the proposed building isn’t 9 stories high (though it does have a proposed–arghhh–parking garage). are *both* of these in dispute? which is which?
They have to have their foundation poured to be grandfathered in. R6B allows for new construction as long as it is contextual. Contextual is kind of an ambiguous word, in that if your street has a few 12 story buildings, a developer who want to build on that street can be granted a higher FAR. If you go to the NY City planning site you will see that the center slope was rezoned just a few years ago. The south slopes zoning laws date back to 1961 with out any changes. The problem with the rezoning of the center slope is that they left off the south side of 15th street. Being so desirable and scarce, this sliver of land just 1 block long is the site of 4 large condo projects. 1 is finished and sold out. 2 is 9/10 finished. 3 would have been pretty well done if they hadn’t undermined the neighboring building and caused huge cracks to form in it’s facade. 4. is the empty parking lot, which if the developer had just built an as of right 6 story building instead of getting greedy with a twelve story plan, would also have been just about finished by now. There is also a 30 unit. mini street, being built around the corner on 8th Ave. This will be an interesting development as the 30 units will be 2 stories tall and fit in between two existing streets. The old zoning of this area is R5 and is being rezoned R5B, even more restrictive than R6B.
In answering the post below claiming they lost $500 k, the only reason the property was worth so much is that it is key to a larger developers plan to build another monster building. You can’t lose what you never really had. Welcome to the cut throat world of real property speculation! Trump would have fired you along time ago for messing up your deal when this down-zoning thing has been in the making for 2 years.
if the city had enforced the current zoning guideline this wouldn’t have been an issue. i didn’t agree or allow a 12 story building to happen on 22ncd street, using the ruse of yeshiva students or “quality housing laws”. the city did. now this rezoning has been thrown together without any thought. yes i’m pissed.
just wanted to let you know that down zoning cost me and my friend about 520,000 dollars that we wpold have made if we developed our lot of land between 4/5th avenue on 18th street. now with R6B were not doing it, its not profitable. now the statue(minerva) in greenwood cementary can see the statue of liberty. but wait it can’t, because 4th avenue is now zoned R8 and will block the view. it just seem fair that the only property i own is rezoned because of the loud uproar over a few people without at all much thought. now my “landmark” falling down frame house will be “saved”. so what if our development would have been an upgrade.
brownstoner: thanks for your reply re height. and thanks too for your site, which is a real gift.
would the 15th st. developer be able to ‘grandfather in’ his monstrosity (and parking garage?) or would the downzoning apply to him as well?
also: any educated guess as to when bloomberg will sign, if the city council passes the zoning law?
many thanks.
brownstoner: thanks for your reply re height–you are a trove of information, and this site is a real gift.
would that height limit apply also to the proposed monster (and garage–!) on 15th st. too? or would that developer be somehow able to ‘grandfather in’ a large project?
we are looking to the move to the area–refugees from manhattan–and we love the human scale and peacefulness.
thanks again.
Susie — what it basically all means is that those typical brownstones you see on the block (3 or 4 story) are as big as they are going to get going forward. So very likely no more teardowns, no new condos buildings, no parking garages, etc.