First Look at Slate Property's 555 Fourth Avenue; Sister Building at 535 Fourth Reaches Top Floor

555 Fourth Avenue via Aufgang Architects and CityRealty

Thursday, Apr 5, 2018 By CityRealty Staff, CityRealty contributor

In 2016, Slate Property Group and Adam America Real Estate bought a development site at 541-555 Fourth Avenue in Park Slope for north of $25 million. Nearly two years later, we’ve gotten a first look at the 12-story, 134-unit rental planned for the site. The townhouses formerly on the site have been demolished. At the construction site, a rendering by Aufgang Architects shows a brick building nearly twice as tall as its immediate neighbors. Permits indicate that amenities will include a bike room, on-site parking, storage, a gym, and a roof deck.

Rendering of 555 Fourth Avenue via Aufgang Architects

Construction just above street level at 555 Fourth (CityRealty)

Meanwhile, a sister building is on the rise one block away at 535 Fourth Avenue. The 12-story, 148-unit building has experienced some setbacks – the time strong winds knocked down part of the roof comes to mind – but construction has reached the top floor. A rendering by Aufgang Architects shows a pale brick façade with darker brick on the top, set back floors on the top three levels, and large windows everywhere. Amenities will include a roof deck, outdoor garden, fitness center, lounge, 70 on-site parking places, and in-unit washer/dryers.

Prices are not yet available for either building, but CityRealty data shows that the median rent for Park Slope is $2,814/month. More listings can be found here.

Rendering via Aufgang Architects

535 Fourth Avenue via Ondel Hylton

Google Earth aerial (CItyRealty)

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First Look at Slate Property's 555 Fourth Avenue; Sister Building at 535 Fourth Reaches Top Floor

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