532 E. Fifth St. ready for renting

in Press

Figure it’s time to look in again at 532 E. Fifth St. between Avenue A and Avenue B. Curbed had an update last week on the 10-unit apartment building. Here it is as of yesterday:

As Curbed noted: “The entire building consists of 2BR, 2BA rentals with a sustainable bent. We see one listing, for $4,495/month. Amenities: common roof deck and garden, in-apartment washer-dryer, building-wide secure WiFi, and general eco-friendliness.”

That listing is no longer available as of yesterday on Streeteasy. There is an active listing for a unit at $5,695.

The listing at No Fee Rentals notes, “The East Village attracts people not only for its diversity, but for its relatively affordable rents. The East Village is also known for its nightlife — a must see is Saint Mark’s Place, which is famous for its many clubs, bars, cafes, and restaurants.”

In February 2011, someone affiliated with the project told us that the owner of the brownstone that once stood here wanted to rehab the building, but there were serious problems with the foundation.

Or, as a piece in Real Estate Weekly put it yesterday: “The project began as the restoration of a brownstone, but the structural integrity of the building made it cost prohibitive to save, so the complete removal of the building was necessary.”

According to that article, Jakobson Properties hired DOORtoDOORrealty, the Staten Island-based development firm, “to ensure the property adds to, rather than detracts from, the neighborhood’s attractiveness and pride.”

What do you think?

And from our archives, a few photos of the demolition and subsequent construction…


Source: http://evgrieve.com/2012/03/532-e-fifth-st-ready-for-renting.html

 

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