Back in July, we pointed out that the empty lot aka 401 E. Eighth St. at Avenue D was on the market for $5.2 million.
According to the Home section in the Post today, the long-stalled site is about to close ... "22,000 square feet of buildable space could accommodate an 11-story residential building."
Eleven stories?
The DOB OK'd permits for a six-story building in 2006. But those plans never materialized.
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
4 comments:
Actually, this is perfectly reasonable. As "Bloomberg's law" states, you simple take the number of stories called for in the permit, multiply by two, and subtract one to determine the final building height. This is physics, people. Come on!
and dont forget a fat wad of cash from the developer to the DOB
When I gre up there we called it Avenue 'D'eath. Amazing how times have changed. Who would believe it.
I welcome a new development in that lot. It's a huge eyesore.
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