Will Fourth Avenue's Crest Clean Up?
According to the marketers behind Fourth Avenue’s Crest, the new condo is rising within the rich ambience and palpable energy of Park Slope. (If McDonald’s, truckers and a taxi depot scream palpable energy, they’re right on target.) Anyhoo, the Boymelgreen-Katan development is certainly charging Slope Lite prices: A scan of current listings shows the average…
According to the marketers behind Fourth Avenue’s Crest, the new condo is rising within the rich ambience and palpable energy of Park Slope. (If McDonald’s, truckers and a taxi depot scream palpable energy, they’re right on target.) Anyhoo, the Boymelgreen-Katan development is certainly charging Slope Lite prices: A scan of current listings shows the average unit is going for around $760 per square foot, with a couple topping $900 a foot. The layouts are a mix of two-bedroom, two-baths and one-bedroom, one-baths. We’re puzzled, since the building doesn’t look like anything special—its most notable amenities seem to be an indoor garage and washer/dryers in all units. So far 20 units have gone into contract, suggesting there is an appetite even for mediocrity at this price point and that so-called Fantastic 4th has come into its own. Are you buying it?
Crest Listings [Corcoran] GMAP
The Crest at 302 Second Street [StreetEasy]
Fantastic 4th? Eh, We’ll See [Brownstoner]
Man, they messed up 2nd street with that buttugly stretch of condos. I see “The Heritage at Park Slope” is another of those hideous developments with those ridiculous little dictator balconies, suitable only for delivering speeches.
Folks, wake up. Each bedroom and the living room have separate a.c. boxed out corners rather than one unit with ducts. Net result is significant diminution of floor space. I was actually interested in one of the two bedroom units. When you also deduct space required for the door swings a 120 s.f. space was reduced to about 70 s.f. of useable space.
The units have virtually no closet space: the master bedroom had one 3 foot closet and one 3 foot linen closet. The second b.r. had only a 3 ft. closet as well.
People have to live in these units and there were too many design flaws. The french doors open inward (why not sliders), more wasted space at the door swings. No screens, lots of bugs.
Awning windows, no screens just like in an institution.
Refrigerator selected has a bottom freezer drawer, nice to open for a few cubes. Why not some thought as to an ice cube water dispenser – reason is obvious, cheap Maytag manufacturer.
Many units have bedrooms with 9 foot widths, an absolute joke.
This place is done on the cheap but most folks don’t measure the space or look at the details.
Very disappointing, I’m buying up the block at the Herritage which has huge rooms, base board hot water heat, central a.c. with the condensor on the roof and only slightly more expensive per s.f.
Good luck in getting your mortgage!
Marion
4:23, I’m sure nobody meant that hahaha. U-haul and Staples can go away for all I care.
So Staples and U-Haul are what constitute the long-lost and much lamented disappearing “edge” of NYC?
The think the naysayers aren’t realizing because you’ve spent much of the last 5 years bitching about Park Slope…in the meantime it has become one of the most sought after neighbrohoods in all of New York City. I hear it all the time from real estate agent friends.
This, in and of itself makes 4th avenue desirable. People want to be near if not in Park Slope. Period.
The price might be a bit steep (it will be interesting how the mortgage situation affects the market this fall) but it isnt the location (while it is 4th Ave – it is close to the best part of 5th Ave; within 321 and 4th Ave is improving)-
The problem is that this project is being developed by the biggest amateur in NYC – Boymelgreen.
The building itself has taken over 3yrs to get to this point – still not finished. It (like many Boymelgreen projects – nee: “The Smith”) has used an assortment of contractors who seem to walk away after a few months and leave the project open to the elements for months until the developer can russle together a new group. The quality of the construction cannot be any good with this practice – severe defects, mold and other problems(typical of Boymelgreen construction) are likely hidden under some nice floors and new paint jobs.
Not to mention that the building is not finshed, has virtually no one working on it currently (just like at Novo and the Smith) and hasnt for months. Seems likely that Boylemgreen is operating hand to mouth and doesnt leave much hope that there will be any post sale support once he dumps them on the market.
Just a correction, the 29 apartments listed in Street Easy as sold are also in contract, so add that to the 20 and you have about 72% in contract. I am a contract holder and my unit shows up in the “sold” section.
Re:
” I am not too sure that having 20 units in contract after being on the matket for about 4 mths is really impressive.”
I agree, I like that 4th avenue still has its edge, being at the border of Park Slope and Gowanus. I just hope that the community is able to retain some of that edge as the area continues to gentrify.
I live along 4th avenue, and love that I am able to go to access all the 5th avenue restaurants, and also watch indie films at the rooftop of the Old American Can factory on 3rd avenue. The day will probably come when these avenues will have the generic Duane Reades and Chase banks so I am enjoying its uniqueness as much as I can now.
4th avenue is great. it’s very lower east side-10 years ago-esque. close to amazing shops, restaurants, bars etc. on 5th avenue, close to manhattan.
people complain all the time that new york has lost its edge. this area still has it.
so stop your bitchin.