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]
<a href="ht
tp://www.brownstoner.com/brownstoner/archives/2007/04/515_fifth_avenu.php">515 Fifth Avenue: The Slope Goes Green [Brownstoner]
