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Sales begin at 472 Broadway
By Carter Horsley   |   From Archives Wednesday, June 7, 2006
Sales have started at 472 Broadway, a new five-story building that is distinguished by its large, ribbed cornice and roofline with large finials at either end and by the large decorative screens in front of two of its windows on Broadway.

It has been developed by 472 Broadway Associates LLC of which Dan Aizer is a principle.

The building is named "Gila" after the developer's wife.

The building's penthouse has a double-height living room and all the full-floor apartments have Brazilian walnut flooring and stainless steel appliances.

The site was once occupied by Mechanic's Hall, a meeting hall and theatre that could seat 2,500 people. Built in 1803 by the Mechanics' Society for their monthly meetings, it eventually became a playhouse and was known for a while as the Abbey Theatre. The blackface minstrel troupe Buckley's Serenaders performed there until 1846 and the next year E. P. Christy's Minstrels became the resident minstrel company until 1854 and from 1857 when they were followed by the Bryant Brothers Minstrels. The theater was renamed Butler's American in 1867 but it burned down the next year.

In the late 1990s, Joseph Pell Lombardi, an architect and developer who is one of the city's leading residential converters of old commercial buildings, planned a new building on this site that would seek to recreate the original 19th Century cast-iron building. In 2002, however, he withdrew from the project.

The building has four condominium apartments. A two-bedroom, two-bath unit with 1,618 square feet is priced at about $2,400,000 with a monthly maintenance of $1,716 and monthly real estate taxes of $1,427.
Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.