This is an entire building in Hunts Point for what amounts to less than $112,000 per unit. Now we know not many BoogieDowner readers have this kind of dough to through around, but we just wanted to show how cheap one could get an entire building (if $4 mil can ever be described as cheap) if one was in the market for whole buildings.
This building is right down the block from the Bank Note Building, which is set to be a new commercial l loft space that provides shopping and some nice market rate residential lofts in the near future. Not sure at the speed with which this will happen now with the credit crisis, but I guess it will eventually get done.
This building is also close by the brand new Hunts Point Riverside Park as well (so new the parks department hasn't put up pics on its website yet!).
The transportation is not bad, with the 6 train Hunts Point Avenue station close by.
So if the credit morass hasn't crippled your ability to borrow serious amounts of money and you want to roll the dice on Hunts Point, here's a $4,000,000 bet for you.
And if you are really excited about "green" initiatives and new parks, read this NY Magazine article about Hunts Point in 2016, by Alexandra Lange.