Brooklyn’s Fourth Avenue Gets in Gear

Farther north, a different auto-body shop and car-detailing business near President Street is being replaced by Parlour, a dun-brick condo with arched windows at 243 Fourth Avenue. Developed by Brodmore Management, the 12-story building, which began selling in March, is offering 19 two- to five-bedroom units starting at $1.7 million.

Perhaps no developer has taken more interest in the corridor than Adam America Real Estate, which has undertaken more than a half-dozen projects since 595 Baltic Street, a rental, opened in 2017. Other rental buildings include No. 470, which is open, and Nos. 535 and 555, which will welcome tenants later this year.

Also among Adam America’s latest projects is Arbor Eighteen, a condo at 185 18th Street being codeveloped with CGI Strategies in the Greenwood Heights neighborhood. The building has 73 units, which sell for about $1,200 a square foot, or starting at $565,000 for a studio. It came to market in January and is set to open by the end of the year, said Omri Sachs, an Adam America co-founder.

There, too, developers are offering owners a way to tune out traffic, courtesy of a tucked-away courtyard that’s lush with bamboo and ferns. But if that doesn’t do the trick, they say residents can leave the tree-challenged block and head to nearby Prospect Park (which is nearly a mile away).

A rendering of Parlour, a condo at 243 Fourth Avenue that is offering 19 two- to five-bedroom units starting at $1.7 million.CreditBinyan Studios

A few blocks closer is Green-Wood Cemetery, the sprawling historical landmark that is a bullet point in Arbor Eighteen’s marketing campaign. “It’s a place where people can go with their strollers,” Mr. Sachs said. The building’s location, Mr. Sachs added, is also ideal for Manhattan commuters. An R subway station that also offers occasional D, N and W service is a block away; the financial district can be reached in about 25 minutes.

For years, Fourth Avenue served almost like an electric fence, especially for those coming from points east, corralling people into Park Slope, residents say.

Sahred From Source link Real Estate

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