The Novo Sells Out
After almost three years on the market, the Novo, Shaya Boymelgreen’s monument to mediocrity at 343 4th Avenue in Park Slope, is sold out. As The Real Deal pointed out when it broke the news yesterday, since the building was more than two-thirds sold out by the time Lehman Brothers collapsed, it hasn’t faced some…
After almost three years on the market, the Novo, Shaya Boymelgreen’s monument to mediocrity at 343 4th Avenue in Park Slope, is sold out. As The Real Deal pointed out when it broke the news yesterday, since the building was more than two-thirds sold out by the time Lehman Brothers collapsed, it hasn’t faced some of the financing hurdles that new developments have over the past year. When all was said and done, the average price per square foot paid for apartments in the building was $671. Amazing.
Boymelgreen’s Novo Condo Sells Out [TRD] GMAP
Should We Feel Sorry For Novo Contract Holders? [Brownstoner]
C-of-O Woes for the Novo? [Brownstoner]
fsrq-
boymelgreen is bust bc he overstretched in israel. as much as i don’t appreciate his business dealings (don’t get me started…), he did start a pullback from the brooklyn condo market before most everyone else. he may have a couple pieces of land around, but i’d have to guess he got out basically ok. manhattan, he cut a deal with africa-israel, but i think they both lost their shirt. florida, yes, he was there, so you can imagine what happened. i don’t know what he had there.
but israel is where he bought a big company with leverage that brought him down.
he may not be poor, but he won’t be developing much in the future.
Good call, btw.
Good news about Novo, though. I have a friend who lives there, and am glad to hear they have sold out.
> your personal (and maybe unintentionally) biased anecdotal observations are meaningless
Oh, woe is me. How shall I go on living when fsrg finds my anecdotal observations meaningless? No longer shall I trouble deaf heaven with my bootless cries.
Mr. B.;
Since you already have a column with one regular poster (Montrose), I propose a new weekly column:
“Kickin’ Ass With FSRG!”
I’d read it.
I’m happy to hear this news about the Novo, as I live directly around the corner from it.
ditmas – your personal (and maybe unintentionally) biased anecdotal observations are meaningless, but since you want to break everything down by race (and seemingly at the same time critic the “gentrifying” white parents and their spoiled children) – please keep in mind that urban minority children are far more likely to be fatter than their white counterparts (this is fact not anecdotal) – so maybe the reason you dont see minority kids in strollers is because they are home eating…..(this part is my attempt to be a troll too)
just look at insideschools.org – they have zoning maps there.
re: schools. people on this website seem to know what they’re talking about. (they seem a little obsessive though):
http://bstoner.wpengine.com/forum/archives/2007/02/just_outside_ps.php
Huh. I’ll take another look. I’m sure you guys are right. another race thing I didn’t realize: in PS282, my zone in the north slope, it is 95% B and H. I guess my kids are in for a little more brooklyn than I realized!
So fsrq what’s the deal there, does the zone go across flatbush?
> I assume you are trying to out Troll Rob with this stupid and baseless post
Not at all. I could be wrong, but I have noticed this pattern.
Do some field research and get back to me with your own observations.