Slopers Sweet on 4th Avenue?
4th Avenue is seen by some as an architectural shit show, and sales at the thoroughfare’s biggest condo so far aren’t doing so hot, but an article in the Sun today says the majority of buyers at the avenue’s new condos come from just up the hill: Mostly, they live in Park Slope. The piece…
4th Avenue is seen by some as an architectural shit show, and sales at the thoroughfare’s biggest condo so far aren’t doing so hot, but an article in the Sun today says the majority of buyers at the avenue’s new condos come from just up the hill: Mostly, they live in Park Slope. The piece quotes a Sloper who says he doesn’t want to miss out on buying in an area that might appreciate, and brokers note that part of 4th’s appeal is that most of the surrounding area lacks substantial new development. According to sales directors at many of 4th’s condos, half their buyers are coming from the Slope. (One wonders how scientific these stats are.) Of course, controversy about the avenue’s lack of affordable housing and by-and-large unappealing new structures remains. “The grand plan of having Fourth Avenue become the ‘Park Avenue of Brooklyn’ is coming back to slap city officials in the face,” says Aaron Brashear, a CB7 member and founder of the Concerned Citizens of Greenwood Heights. “The buildings are ugly and architecturally devoid. They are more of a dormitory style than high-end buildings.”
Park Slope Residents Head to Fourth Avenue [NY Sun]
Novo Takes a Nosedive [Brownstoner]
4th Avenue, the Boulevard of Broken Promises? [Brownstoner]
unfortunately there is a market for it. However, I think you are right about affordable housing (mid income) but maybe we are the only ones who see things that way.
just saying it is what it is..
just saying it is what it is..
Does Brooklyn need a Park Avenue? It seems to me that there is plenty of expensive real estate around.
Don’t we need more affordable housing? Is there really a market for more apartments that rent for 5K or sell for 1.4 million?
10% will be great.
3.3% per year.
that’s a percent more a year than a savings account.
In 3 yrs no property in NYC is going to be worth 50% more than it was in 2007, if your up 10% it will be a miracle
Well its too late to do anything about it now; about 5 yrs too late. why dont we just suck it up and go with what we got. buy them and it 3 yrs you will be graced with every person from the UES (via ohio) thinking that paying 1.5x what we payed is the best deal they have ever seen.
I think the fact that so many people are coming from Park Slope is a testament to how people really love the neighborhood.
I know of very few neighborhoods where a smiliar situation would arise.
Park Slopers are nothing, if not loyal and enamored with their neighborhood so I’ve come to realize.
Personally I’ve chosen a much smaller place close to 7th Avenue, but I can definitely see how someone would choose a larger space down here by 4th. The whole neighborhood is great, as far as I’m concerned. Such diversity in architecture, people, vibe, retail, etc. all within a a few dozen blocks.
So can’t charge $1,200 a foot, can only charge $700-$800. So why all the complaining about ‘architectual shitboxes.’
It’s moronic.