In a couple of weeks, a converted Park Slope building at 397 First Street, close to the corner of Sixth Avenue, will launch condo sales. While the building is still very much under gut renovation, it will have eight units: Seven two-bedrooms and one garden duplex. The asking prices will range from $829,000 to $1,279,000. Pros: A lot of historical details are being preserved, and it is zoned for P.S. 321. Meanwhile, updates to the kitchen and new security systems are being put into place. There’s also going to be a common space for bikes and strollers. The developers are East River Partners LLC, and Corcoran is handling the sales and marketing. We had the rare opportunity to witness the gut renovation in progress late last week; click through for some photos.
397 First Street GMAP

A bedroom interior

Another bedroom interior

Aerial view of the garden, which will be the private domain of the first-floor buyer

Workers restoring the original shutters


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  1. “I guess that’s better than the company that said it specialized in “improving returns on underperforming real estate assets,” as in driving out unwanted rent-stabilized tenants.”

    what do you think these guys did here? there had to be at least a few RS tenants left in this building.