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The Brooklyn Eagle reports that The Andrea, the first of four residential buildings John Catsimatidis is expected to build on Myrtle Avenue between Ashland Place and Flatbush Avenue over the next several years, is ten percent rented after just two weeks on the market. We’ve built a very generously proportioned apartment that is very, very well priced, Corcoran broker Vicki Negron told the Eagle; there are 95 units in the building, with studios starting at $1,225, one-bedrooms at $1,600 and two-bedrooms at $2,385. Of broader interest, a spokesman for Catsimatidis’ Red Apple Group said that lease negotiations are in the final phases for a national chain drugstore on the ground floor and a “neighborhood supermarket” in the below-grade space.
Catsimatidis’ Myrtle Avenue Building Hits Market [Brooklyn Eagle]
218 Myrtle Has a Name: The Andrea [Brownstoner]
Development Watch: 218 Myrtle Almost There [Brownstoner] GMAP
Catsimatidis’ 218 Myrtle To Open in September [Brownstoner]
Updated Renderings of Catsimatidis’ Myrtle Project [Brownstoner]
Development Watch: 202 Myrtle Halfway There [Brownstoner]
Development Watch: 202 Myrtle Rising [Brownstoner]
Development Watch: 202 Myrtle Marches On [Brownstoner]
Development Watch: 202 Myrtle Avenue [Brownstoner]
Development Watch: 162 Myrtle Avenue [Brownstoner]
Catsimatidis Tweaks Blueprints for Myrtle [Brownstoner]
Catsimatidis Ready to Go on Myrtle? [Brownstoner]


What's Your Take? Leave a Comment

  1. So does this mean their below-grade space will be storage for a supermarket or an actual supermarket? Anybody know which? I thought the supermarket was slated for the old Associated (I think?) spot?

  2. Yeah this is way more affordable than the Avalon or even that Brooklyn Gold on Tillary.

    Posted by: tekniskakustik at February 18, 2010 11:40 AM

    Rents at Avalon and 80 Dekalb are downright nutty. Studios START at 2000+ Pretty sure free months of rent occur at end of lease too.