Battle of the 4th Ave Development Offerings
As Curbed noticed a couple weeks ago, the development site on the northeast corner of 6th Street and 4th Avenue, 363 4th Avenue, has been put on the market for $14 million. The listing puts it in head-to-head competition with the would-be development directly across 6th Street, 385 4th Avenue, which is for sale with…
As Curbed noticed a couple weeks ago, the development site on the northeast corner of 6th Street and 4th Avenue, 363 4th Avenue, has been put on the market for $14 million. The listing puts it in head-to-head competition with the would-be development directly across 6th Street, 385 4th Avenue, which is for sale with an asking price of $7.75 million. So what’s the difference between the two aside from the renderings? The listing for 363 4th Avenue says it has approved plans for a 106-unit building with 43 parking spots, while the more petite 385 4th Avenue has preliminary plans in place for a 52-unit building with 10 parking spots. One thing the two listings have in common: Their sellers are somewhat flexible. The owners of 363 4th (who include Isaac Katan) are willing to consider a joint venture, while the owners of the three lots across the street that make up the development offering (who include Baruch Singer) are willing to sell off the lot that doesn’t have 4th Avenue frontage separately. Click through for photos of the sites as they appear in real life.
363 4th Avenue [Kalmon Dolgin] GMAP
385 4th Avenue [CPEX] GMAP
lol benson. BTW I see my old apt in that pic.
4th avenue is not completely dead from a pedestrian perspective, and some blocks have decent storefronts.
There’s probably a number of things that some find attactive. If your unit is high enough up, perhaps noise isn’t intolerable? As mentioned, there’s immediate subway access. Additionally, it’s 1 block from 5th avenue, 3 blocks from 7th, a short walk to Prospect Park, and, if it’s your sort of thing, the buildings going up on 4th are new construction. For some, having modern amenities in new buildings may be a very desirable aspect. Group all of these together as counterarguments to living on 4th and the good might just outweigh the bad. Furthermore, at the end of the day, it’s a personal choice. If you’re “missing” something, that’s okay…you aren’t required to buy there. We all have our wants, desires and thresholds.
Well, for starters, 4th Ave is one block from 5th Ave. I hear that there are some restaurants and other amenities there.
It is also one block from 3rd Ave, and some interesting places are beginning to open there.
The N/R subway runs along 4th, so you are about as close to the subway as you can get.
It is also one of the few places in the Park Slope vicinity where you can live in a newly constructed building.
So, while I agree that 4th Ave is lacking in charm, I would gladly live on a higher floor in one of these buildings, particularly if the apartment faced away from 4th Ave.
Stargazer;
Perhaps an attractively-priced, modern apartment with access to 5th Ave’s amenities?
Other than the subway, I can’t imagine what would attract anyone to pay hundreds of thousands of dollars to live on 4th Ave. It is dirty, extremely noisy, has no pedestrian traffic…..
What am I missing here.???