Park Slope’s 4th Avenue booms

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Park Slope’s Fourth Avenue, a once neglected strip lined with gas stations, auto-body shops and big retail stores, has enjoyed a residential building boom lately. The biggest new development, the Novo, has struggled, selling only 57 of 151 apartments in more than a year. Another development, Shaya Boymelgreen’s Crest, has done better, selling 57 of 68 units in only eight months. The Argyle has sold about 60 percent of its units in six months. The buildings have listings for between $700 and $800 per square foot. Planned developments include a 12-story, 137-unit building at 12th Street and a 12-story, 94-unit building at Butler Street.  

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