Thursday, April 21, 2016

Multifamilies on Fourth

740 Fourth, a four-story, five-family mixed-use building at the NW corner of 24th, was sold in a bankruptcy auction ("tremendous upside potential") last December.  A deed of sale dated February this year records a sale of $1,575,000.  The buyer is 740 Fourth LLC, with a midtown Manhattan company address.

At 488 (11th/12th), two up from Danny's Rim & Tire Shop, demolition of a three-story six-family building is underway. Righteous of Park Slope LLC's plans for a ten-story, ten unit-plus-store building are not yet approved.

Fourth at 11th Getting the Finger?
Demo at 488 Fourth
Around the Avenues

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