Five-Story, 33-Unit Rental Building At 447 Avenue P Slated For Condo Conversion, Midwood

447 Avenue P447 Avenue P, photo via Architectural Stone

Time Equities plans to convert The Venetian, a five-story, 33-unit rental building at 447 Avenue P in the southwestern corner of Midwood, into condominiums. The developer acquired the building in December of 2014 for $27 million, just two years after the project opened in 2012. The building, located a block away from the Avenue P stop on the F line, also has 8,000 square feet of ground-floor retail, according to The Real Deal.

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1 Comment on "Five-Story, 33-Unit Rental Building At 447 Avenue P Slated For Condo Conversion, Midwood"

  1. babysladkaya | July 20, 2015 at 2:11 pm |

    What you forgot to mention is that the development has been originally built with an intent to sell apartment to the growing population of Midwood. The building went through so many financial problems, unable to pay off its construction loan which I believe was double what the developer paid for it.

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