Friday, June 3, 2016

New residential building on 8th and D called THREE99OnEIGHTH; condos start at $685k


[EVG photo from May 1]

You can close the book on the long-empty plot of land at 397-401 E. Eighth St. There have been plans for the space near Avenue D going back 10-plus years.

Now the 9-story residential building that has been rising here is ready to launch sales...(turns out this is a condo building, not rental as we had originally heard).

The building's address is 399, which is why it now has the rather awkward name of THREE99OnEIGHTH.

Now here are details about the units via Citi Habitats:

Developed by 399 E8 Development LLC, residences at THREE99 are designed to a high standard. All apartments include oak hardwood floors, floor-to-ceiling windows and in-unit washer/dryers. Most apartments also come complete with private balconies or gardens.

The homes’ open kitchens feature solid-surface countertops, porcelain tile and Carrara marble backsplashes and a full suite of stainless steel appliances — including dishwasher. Baths at THREE99 come in a wide variety of contemporary finishes. All are complete with custom ceramic tile, soaking tubs and European-style vanities and fixtures.

THREE99 provides residents the latest in-demand amenities — including a state-of-the-art fitness center, billiards lounge, pet spa and virtual doorman system. The building also offers a refrigerated package receiving area, bike storage and individual storage rooms. Residents and their guests will enter the building via a grand lobby area with eye-catching chandelier and soothing ‘green wall.’ Great for entertaining, THREE99’s common roof deck is complete with lounge-style seating, lush green lawn areas and skyline views.

A one-bedroom, one-bathroom unit starts at $685,000 ... a two-bedroom, one-bathroom unit asks $960,000... the top home here is the three-bedroom, three-bathroom penthouse at $4.9 million.

And here are a few renderings of the model home...




[Balcony view]


[Roof deck view]

Previously on EV Grieve:
Meanwhile, before we christen Avenue D the next Greenpoint...

Stalled development site on Eighth Street and Avenue D asking $5.2 million

Long-stalled East 8th Street lot coming back as 9-story residential building — with penthouse

[The lot in February 2010]

23 comments:

Donnie Moder said...

Avenue D on the far reaches of the EV it has come down to this: the lowest price 1 bedroom at this place which is fairly small will cost $4256/month in mort/tax/condo fees after putting 20% down. This is not a super luxury building by any means (not knocking it either, looks fine) no doorman and just looks normal, not fancy, just an example showing where the EV stands in general. Who would have thought this 20 years ago? EV costs more than UWS and UES now it seems.

NOTORIOUS said...

JENNY867FIVE309 that's a lot of money for Avenue D, where the closest train is 4 avenues away.

Anonymous said...

One of the amenities should include backdoor kayaking.

Anonymous said...

Price looks fine, even reasonable, until you think about how far Ave D is from any and all subway access. I guess you have to get used to the M14D, though one could use the cost savings to hail an Uber to get anywhere.

Anonymous said...

The one-bedroom looks really cramped. You can only put furniture on one wall of the living room. A starter apartment for a couple so in love they don't mind tripping over each other? I don't see the inevitable appeal of floor to ceiling windows. What exactly are you looking at through those scenic windows? And who is looking into your apartment?

Michael Ivan said...

Amenities include a "pet spa?" Please, that's going to be 1-2 sinks in the basement with a counter and an outlet to plug in a blow dryer.

Donnie Moder said...

Don't forget the tiny balconies. A dachshund or chihuahua might be able to squeeze on there.

Donnie Moder said...

I feel a little bad about singling this one place out when I am just lamenting the whole price eruption of the entire EV. It looks like a pleasant place to live and it is better than an empty lot. How much it costs is just a lament, it just is not a place for me. The EV is not the distinct place it used to be, its popularity is changing its character and it just is hard to take. Sort of success passing me by type of thing. The EV is a place where successful people go, not where people who want to be a success, to strive, or fit in go.

Anonymous said...

I've been watching this go up....and all I could think was..."you could MAYBE go out on a balcony, by yourself, and smoke a cigarette....."....these balconies are SO tiny (they make them look bigger in the pics) you would be VERY hard pressed to put even a stool or lawn chair out there. I am not exaggerating. I was wondering why they would even bother, or how much more could a real balcony cost?

Anonymous said...

If you are willing to plunk down 5mil to live at this address Im sorry but you are an idiot and probably need to be relieved of some of your dough.

Anonymous said...

I guess a ninety9¢ent$ store won't be able to afford the rent here.

Anonymous said...

@10:42 am: If you didn't have the balconies there would be no way to clean the floor to ceiling windows.

Anonymous said...

They don't list square footage or even post a floor plan. Not a good sign. It looks really small. Plus, that's a terrible area. Isn't that two blocks from where that guy got shot?

Gojira said...

I'm sure that Coke Wave would have been interested in an apartment here had he not been gunned down in the projects 2 blocks away. Enjoy those soaking tubs, kiddies.

Anonymous said...

That is an ugly 70's looking building.

Anonymous said...

This post is literally one down from the post of a 22 yr old man shot near Ave D. Great marketing irony moment.

NOTORIOUS said...

I'm one of the few, apparently, that has never taken an Uber. I tried once when I needed to get to Queens with a bunch of stuff but that app was confusing as f. Hailed a taxi.

Anonymous said...

The building is one of the more hideous of the new ones. The ground floor looks really weird and out of proportion. The color of the concrete panels is a sickening brownish reddish yellow or just bad poo. Tinted window and tinted glass on the balconies that will surely look like foggy dirty hell in a year. 8th "EIGHTH" Street is a nice couple blocks (Christo & Doro chose it for their nest ;-) but at this far end it should be moderately priced & one bedrooms at over a half mil is not moderate!

DrGecko said...

I'm not in favor of drug gangs shooting each other. In fact, I wish that wouldn't happen, because they are very bad things.

But if they're's going to happen anyway, is there some way we can take advantage of them to lower the property values?

Anonymous said...

@Donnie Moder: "Who would have thought this 20 years ago? EV costs more than UWS and UES now it seems."

I agree with you, and I think the situation in the EV arises to some degree b/c there are so many young people who are sure they MUST live in the EV or they can't show their faces in society.

When you have such a concentration of young buyers, whose judgment is not exactly the best, it skews the whole thing. There are so many foolish young buyers, it's kind of astonishing. (Years from now, a lot of those people are going to wonder what the hell they were thinking, spending stupid $$ just to be "cool".) Pay a ton of money to live near Avenue D? Only the young & stupid are doing that.

You won't find the "young and restless" party kids buying on UES or UWS; Union Square and vicinity is the place they want to be seen (and drink near).

Anonymous said...

Are the Windows bullet proof when the stunting starts

Anonymous said...

I just visited Austin, TX this past week, where real estate is at its prime. Even for a city growing rapidly, the amount one pays for this unit on Ave D, can buy you quite a fat pad in a good part of town. Having been here for 16 years, it makes me wonder if staying here is a the answer. I can't comprehend why it is so expensive to buy here, especially on Ave D across the projects. I would be insane to purchase property there.

Anonymous said...

10:30 AM: It's called a bubble. People are willing to pay exorbitant prices because they think they'll be able to sell it for an even more exorbitant price.