EV Grieve notes that the stalled construction site at 427 East 12th Street?between First Avenue and Avenue A and across the street from the skaters' paradise known as East Side Community School?is now on the market. According to the $2.3 million Massey Knakal listing, the pit's foundation is already in place and still qualifies for the 421-a tax abatement. Plans are in place for a six-story, 12-unit rental, but hey, that's for the eventual buyer to decide, right? There's also a little sketch of what could be built. [EV Grieve]
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