The Novo Going (At Least Partially) Rental?
Despite the fact that it ain’t much to look at from the outside, sales at The Novo were going okay, we thought. According to Street Easy, 58 units—or roughly half—are in contract. Sales must not be happening fast enough though: In recent days, rental ads have started popping up on Craigslist. The two we’ve seen…
Despite the fact that it ain’t much to look at from the outside, sales at The Novo were going okay, we thought. According to Street Easy, 58 units—or roughly half—are in contract. Sales must not be happening fast enough though: In recent days, rental ads have started popping up on Craigslist. The two we’ve seen are touting a two-bedroom for $3,500 and a one-bedroom for $2,200. What does this mean for some of those other Fourth Avenue projects currently in the works?
Oh, Novo: Scaffolding Collapse on Fourth Avenue [Brownstoner] GMAP
Man on the Street: How’s the Novo Look to You? [Brownstoner]
[sound of crickets]
I agree there may be some defects in the exterior brickwork, but if you’ve walked past the building, there is glass wall up the entire backside of the elevator along 4th avenue. Its beautiful. (Its to no surprise that the photo listed above doesn’t show the angle to see any of the beautiful glass). The inside of the apartments are great. All of the lights and the shower/bathroom fixtures, appliances, are very high end. You are not getting garbage. The gym inside is excellent.
The exterior of the building could have been better. Its not terrible. But it looks like the Boymelgreens did a commendable job on the interior of the building. I can’t wait to see what the lobby is going to look like.
As far as rental prices go. If people buy them, the price is right. If you think its too high, go rent somewhere else. For what you are getting, its a very fair price.
One ugly building. One crappy street to live on. I lived on 4th ave for 2 years a little over 2yrs ago and it was horrible. The noise is insane. The marathon and other events going on this street every year suck. The only reason I stayed was due to the rent….a 3bdrm apt for $2100 on 4th btwn 10th and 11th. I then moved to a 1bdrm on Carroll Street for $1400, and just moved out of their into my very own purchased apartment in Fort Greene. I would love to stay in Park Slope but I would never move into this building or ever live on 4th Ave again….yeah yeah i know everyone says its going to be the next 5th ave. I wont hold my breath.
Sandy, you’re seeing the world through your own brownstone-colored glasses. Much, if not most, of the city’s housing stock is ‘ugly’ by the standard of the aesthetes that haunt this website (hell, this website wouldn’t exist if everything were beautiful). And for every ‘stunning’ older co-op out there, there are three or more older co-ops that are dark, run-down and sad looking.
And one of the key themes on this website is that there are few, if any, unexploited brownstone neighborhoods left. The Crown Heights article hit this nail on the head: prices go (way) up, value goes down, attraction of neighborhood goes away.
Of course, if you have unlimited financial resources you can go out and buy all the beauty you want. But as the man above said, don’t pass off your financial advantages as some sort of virtue in taste.
Novo closings for the lower floors are happening soon. And there are units that are in contract but are not on StreetEasy.
Now when’s Terrapin playground going to be finished?
2:14 “The fact is a lot of New York residential doesn’t appear that nice. In fact, in many ways it’s a ugly city at least from a residential perspective.”
Not true. That’s why HOTD threads get soooo many comments. A lot of New York residential in form of houses (brownstone, limestone, townhouses, carriage [when they hit the market]) and older co-ops and condos are not only nice but stunningly beautiful to look at and live in. Yes, renos have to be done, but there is something to be said for housing that has lasted through the ages and still looks like a lady as opposed to a pig wearing lipstick and is affordable and where you can do what you want when you want.
The post about a tuba at 3am was dead on. Why would I buy or rent something where I can’t do what I want when I want esp. if I am paying very dearly.
In my brownstone, with brick party walls, I can any and everything whenever I want and my neighbors are none the wiser. Oh, and my mortgage is less than or comparable to what people are paying to buy/rent crap.
Sandy
where the fuck are you people looking. My friends live right across from PS 321 and pay 3000 for a three bed thats huge.
8:23 keep up the looking and consider other areas too. i’ve lived in 4 hoods in brooklyn, and there are plenty of great and surprising areas that aren’t always considered… especially here. recommend doing a search on insideschools.org and joining local yahoo sites. check out brooklynbabyhui on yahoo groups for instance. people are really nice and helpful.
4th Avenue and its (future) residents will outlive this website. Guaranteed.