Once 19th Century Homes, 1.2M Condos For Rent In ‘Boutique’ Greenwood Heights Building

Soon after the buildings at 324 and 326 20th Street (between 6th and 7th Avenues) were constructed in the 19th century, the families living in these two wood-framed homes were most likely unaware that apartments  at their addresses would one day cost about $45,000.

$45,000 in 1880 dollars, that is.

In 2016 currency, the condos which have replaced those buildings are going for over $1.2 million. According to Curbed New York, Stribling Marketing Associates opened up sales for two condos in 324twenty, a new ’boutique’ building.

The facade of the building maintained the look of the renderings which Marin Architects released in early 2015. YIMBY reported permits had originally been filed for the project in July 2014, describing the style as “thoroughly traditional, with a brick face and dark cornices above the windows and the building.”

Curbed New York described the newly available apartments:

“Two apartments at 324 Twenty are now on the market—the 3BR, 2BA Residence 2E asking $1.24 million, and the slightly larger 3BR, 2BA Residence 2W asking $1.265 million. Apartments in the building that have yet to hit the market include 1,600-plus-square-foot garden duplexes, and 1,775-square-foot three-bedroom penthouses with large private terraces.”

Due to zoning codes, the project was not large enough to require garage parking.

The press release for the condo sales refer to Greenwood Heights as “still a bit of a secret jewel.” The neighborhood isn’t news to publications such as the Wall Street Journal, who in 2013 wrote that the neighborhood is a “desirable community in its own right.” The Gray Lady “discovered” the neighborhood way back in … 2012.

In November 2013, a list by website RealtyTrac, zip code 11232 (comprised of Greenwood Heights and Sunset Park) was one of the country’s top 25 hipster havens (Somehow, Williamsburg didn’t even make the list). And renaming of Greenwood Heights has a particularly interesting history.

Neighbors have chafed over the naming of the neighborhood, especially when it comes to the “borders” of South Slope, Greenwood Heights, and Sunset Park.

The larger question of whether or not luxury development will continue to travel south down nearby 5th Avenue and throughout Greenwood Heights may be unofficially answered. And construction and new buildings are planned “down the slope” as 4th Avenue development continues to move south.

Additional reporting by Christine Bush.