New broker, same low price, but who wants to spend $12 million, when a house twice as large as your own trophy home is going up down the street?

16 Park Avenue, new construction, is back on the market after changing brokers, priced at $11.995 million. A multi-year, 18,600 sq. ft. (plus garaging for 40) house project has been proposed for 4 Park Avenue (and half of Maple), and while it hasn’t been approved yet, something similar is bound to be — the owner has the land and even the zoning for it — and given its size, Park Avenue’s going to be a blasting/construction hell street for years, no?

Hard pass.