When we last wrote about 500 4th Avenue, Isaac Katan's 135-unit new development on Brooklyn's "Park Avenue" between 12th and 13th Streets, the one comment the post received was a question: "Any updates on the "Rental or Condo?" question?" As of two months ago, we now know that the developer decided to roll the dice with condos. So far, according to StreetEasy, four of the units are in contract and the average price per square foot asking price is $715; there has yet to be a single price cut. Only a matter of time, we'd assume.
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