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Last we looked, 515 5th Avenue was a hot, green property, with a green roof and bamboo flooring (pretty standard for green, but enough to use the term as a marketing tool). The six-story building with 15 residential units includes ground-floor retail that’s still not rented out, but all but two of the units have been sold. What’s left? A 1,110-square-foot three bedroom for $875,000, that went on the market in April for $995,000, and a similar unit, one floor down, that listed in April for $994,000 and is now $865,000; both were reduced nine weeks ago. Three units are in contract, including one that took a $100,000 price cut five months ago. Think prices have further to fall here? And whatever will become of the ground floor retail space?
5one5 Condo [Official site]
Condo of the Day: 515 5th Avenue [Brownstoner]
515 Fifth Avenue: The Slope Goes Green [Brownstoner]


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  1. “The 20 somethings in Williamsburg seem much more detached to me.”

    And those are exactly the sorts moving into the South Slope now. The old ladies on the stoops will remain, and you will see little if any mixing between the worlds.

    I think you are just seeing the exact same pattern, but at different points in the cycle.

  2. “someone is going to be wandering around that empty retail spot wondering where the entrance to your place is.”

    So, 11217, you and your friends are not that swift, eh?

    The entrance is on the side street wouldn’t do? The emphasis on “between 5th and 6th” just ridiculously emphasizes 13th street — as if you have to drive all the way around the block and come down from 6th avenue. That’s an extra couple of bucks for a cab, when they could have just dropped you off at the corner… and if you’re not brain dead realized the door is on the side of the big grey box. Or would you go inside the shop on the ground floor wandering around saying, “This doesn’t look like an apartment!”

    OK – I’m dwelling unnecessarily. (Trust me, if it was simply not on the freaking corner, I would understand…)

  3. And yes, if I were going to direct someone there if I lived here, I would say I live at 515 5th Avenue, but you enter the building between 5th and 6th, much closer to 5th.

    That’s exactly how I would word it myself if I lived there…

  4. I don’t think it’s stupid. It doesn’t matter where it is…if you say you are on 5th Avenue, someone is going to be wandering around that empty retail spot wondering where the entrance to your place is.

    The entrance to this building is between 5th and 6th…that’s how we do things here in New York. It doesn’t matter if it’s 12 feet or 120 feet. It is between 5th and 6th.

  5. It’s ridiculous… the entrance is 12 ft in from the corner, so it’s “between” 5th and 6th avenue. I don’t care if it happens all over, it’s stupid and should be stopped!

    Imagine giving someone directions… “Oh, my place is 515 5th Avenue, between 5th and 6th Avenue.”

  6. Hmmm, Snarkslope…I guess I don’t see it as much. I was walking around there yesterday in fact, and noticed how many people were sitting out on their stoops…80 year olds with their daughters and sons and their daughters and sons. I saw a perhaps 90 year old woman being helped across the street by someone in their 20’s and walked in a couple stores where the people who owned them seemed to be father/son. It seems much more mixed to me, and it’s especially noticeable in the latin population.

    The 20 somethings in Williamsburg seem much more detached to me. I’ve known quite a few, and it seems the only thing they care about is not caring.

  7. Tyburg,

    It says that because the entrance to the building is on 13th between 5th and 6th. It is NOT on 5th Avenue.

    It happens all over the city…especially noticeable on West End Avenue or Broadway on the Upper West Side. Buildings which are located ON Broadway, use the names of the side streets, because that’s where the entrances to the residences are (and some people just think it sounds better to say….222 West 93rd, than it does 2000 Broadway or whatever).

    Happens all over.

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