The Most Expensive Brownstone In Bed-Stuy Is On The Market for $3.25 Million
Many townhouses in Bed-Stuy are now inching towards the $3 million price tag.
They don’t make ‘em like they used to. Or maybe they do. Step inside 1 Verona Place brownstone in Bed-Stuy, and you will see original millwork, and floors. The moldings are so strikingly well-preserved, they look like it was just made. That’s because they were.
Although the brownstone itself dates back to 1881, the entire interior has been gut renovated, with everything being made afresh with the exception of parts of the stairs. Even the black lacquer, which has been used to cover the new woodwork, is a historic treatment. Such attention to detail, of course, comes at a price. The property, which is 2,800 square feet, is on the market for an eye-watering $3.25 million. It will set a new record for Bed-Stuy and completely reset the market if it sells for that price.
The Brownstoner reported that developers are Christiaan Bunce, a principal at the design firm KGBL, and Adam Dahill, a mortgage broker. Bunce designed the custom-milled moldings, and door-and-window casings used throughout the house.
“I think of our homes as Modern Victorians,” Dahill told the website. “Old world craftsmanship, with details that never go out of style coupled with modern day fixtures in kitchens and baths.”
No doubt this is real estate porn for the brownstone fanatic, where the classic meets the contemporary. Features include rift-sawn white oak floors with walnut inlays, a pair of Louis-style marble fireplaces, pocket doors, a wine fridge, and Flavor Paper wallpaper.
The wet rooms add modernity. A kitchen has marble countertops and a backsplash and fumed white oak cabinetry. A bathroom has teak paneling and a marble vanity top. Another bathroom has sculptural china fixtures and penny-tile floor.
To offset a hefty mortgage payment, the house has a one-bedroom rental on the garden level, duplexed with a cellar res room, and an owner’s triplex above which has three bedrooms. There’s also a library, which features a fireplace and a built-in walnut bookcase with bronze glass shelving. A multi-zone AC, heating, and a washer/dryer hookup on the top floor rounds off the mod cons. The entrances are separate, and they do not share a stair. Prior to the renovation, the property sold for $1,250,000.
Despite the lofty asking price, the New York Times website shows a few brownstones and townhouses, without the same attention to detail in recreating century old millwork of 1 Verona Place, inching up towards the $3 million price tag. The four-story, three-family 378 Halsey Street is on the market for $2,900,000. It has been completely renovated and has five bedrooms and four baths. Listed for $2,850,000 is the three-unit, 82 Putnam Avenue, which has six bedrooms, four baths and includes an owners triplex, a one-bedroom and a studio apartment. The two-family, 169 Madison Street is, some would say, ambitiously priced at $2,699,000.
The New York Times data—based on information from NYC brokers, developers and private sellers—shows a 100 percent increase in property prices in Bed-Stuy from February 2012 to December 2016. The median price rose from $422,250 four years ago to $847,898 in December 2016. The median increase in Brooklyn over the same period was 84.7 percent and in New York City, 52.6 percent.
The stratospheric increase is due in part to the infatuation with brownstone Brooklyn and that such properties are in short supply. Also contributing is the fact that Manhattanites who would have other wise moved to Brooklyn Heights, Park Slope or Carroll Gardens are getting priced out.
“Because the market is so hot right now, renovating properties and putting it for resale over a million dollars—I think that’s where the surge is coming from,” Ban Leow, broker with Halstead Property told DNAInfo. “There’s an influx of people visiting the neighborhood and falling in love with property,” Leow said. “We all know the connotation of Bed-Stuy to a lot of people, but when people move in and see a welcoming, vibrant neighborhood, it changes their mind and it translates to people telling their friends.”
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