Tuesday, March 30, 2010

Two side-by-side townhouses on East Fourth Street await your renovation



There's a new listing for two townhouses at 326-328 E. Fourth St. between Avenue C and Avenue D... 12 bedrooms in the two homes... and both buildings are going for $4.6 million... According to the listing:

Extraordinary Opportunity. Two side by side townhouses that have 46 feet of street frontage and a 46 foot by 50 foot rear garden await your vision, dreams and renovation. Extensive original details throughout the townhouses. These properties will be delivered vacant, are currently over 7,000 square feet and come with an additional 10,000 square feet of air rights. Beautifully located across community gardens and on a charming block. This could also be a development site or for institutional use.


So, original details aside, someone will buy these to develop some high-end housing for that 10,000 square feet of air rights... and what about the current tenants...?
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5 comments:

  1. AnonymousMarch 30, 2010 at 10:16 AM

    I have lived on the block for years and I can tell you that the general consensus is that those two buildings are a nothing more than a blight. If anyone lives in them legally, which I doubt, they should do something about the sketchy loitering and drug use that goes on from those stoops and take some pride in maintaining their property. Obviously I'd rather see them cleaned up as they are, but even the dreaded luxury development would be an improvement.

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  2. EV GrieveMarch 30, 2010 at 11:02 AM

    Thanks for the comment, anon. I was curious if anyone was living here (legally, anyway). I didn't recall seeing any lights on the last time I walked by in the evening... maybe one on just inside the front door.

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  3. AnonymousMarch 30, 2010 at 8:15 PM

    The story is a little more complicated...More to come. (And not everyone from the block thinks they're eyesores, anyway)

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  4. EV GrieveMarch 30, 2010 at 9:05 PM

    Thanks for the comment, Anon. I'm very curious to hear more about those townhouses...

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  5. AnonymousAugust 28, 2016 at 3:12 PM

    My grandmother's family lived in no. 326 during the 1880's, after emigrating from Hungary. The last time I saw the house, about 15 years ago, it was inhabited - and wasn't covered with graffiti. A young man saw us sitting on the stoop and offered to take us on a tour of the building which was, apparently, inhabited by a group of artists. I followed your link to the Corcoran listing, and, last weekend, walked over to 4th Street and saw the (renovated or new) buildings at 326 and 328.

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