Rental of the Day: 364 Myrtle Post-Scarano Switcheroo
It’s been a long slog for the developer of 364 Myrtle Avenue, the Scarano-designed building at Adelphi Avenue in Fort Greene. The three-units, which range in size from 1,500 to 1,700 square feet, first hit the market in early 2006 as condos asking between $877,000 and $919,000. The prices were too high. After an across-the-board…
It’s been a long slog for the developer of 364 Myrtle Avenue, the Scarano-designed building at Adelphi Avenue in Fort Greene. The three-units, which range in size from 1,500 to 1,700 square feet, first hit the market in early 2006 as condos asking between $877,000 and $919,000. The prices were too high. After an across-the-board reduction of more than 10 percent in the summer of 2006, however, all three units went into contract. And then the waiting began. The unlucky buyers were given precious little information as Scarano’s problems kept holding up the C of O. Finally, last spring, with no resolution in sight, the developer upstandingly let buyers out of their contracts. And now, presumably with the C of O squared away, at least two of the units have resurfaced as rentals, one asking $4,800 a month and the other $5,000. Sound like a reasonable price to you?
364 Myrtle #1 [Corcoran] GMAP P*Shark
364 Myrtle #2 [Corcoran]
364 Myrtle Avenue: Scarano Strikes Again [Brownstoner]
What’s Up With The New Building on Myrtle? [Brownstoner]
5 Large for Myrtle? What a joke. Scarano and his backers don’t have to be stopped. The market will sort it all out and he will go back to teaching full time.
While not the “ghetto” referred to above, this seems out of whack with rents in the area.
I live in the area and really like it but that is way too much.
12:56 is a Chris crocker/Brittney Spears reference, might be too old of an audience on here to get it…
http://youtube.com/watch?v=cDDEhLw1PVI&mode=related&search=
lol. $5000 a month. I can get a sick place in Tribeca or anywhere else in the city or in a nicer part of Brooklyn for that. Who pays such an ungodly amount of money to live in the ghetto. no way these rent for this price, unless Jay-Z decides to rent to be close to his Nets in AY.
Whatever happened to location, location, location?
Will they get that? Sounds crazy!
Take your meds, 12:56pm. Everything is going to be o…k.
How dare ANYONE make fun of Scarano after all he’s been through?
LEAVE SCARANO ALONE! You are lucky he even designs buildings for you BASTARDS!
LEEEAVE SCARRRANNNNOOOO ALOOOOONE!
Please!
LEAVE ROBERT SCARANO ALONE RIGHT NOW! I mean it! Anyone has a problem, deal with ME, cuz he’s not well right now!
Leave him alone!