The buyers keep on coming for Bed-Stuy rowhouses

Eye On Real Estate

June 20, 2018 By Lore Croghan Brooklyn Daily Eagle
These shops are on the Marcus Garvey Boulevard side of 320 Macon St., which changed hands a few months ago. Eagle photos by Lore Croghan
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Bedford-Stuyvesant rowhouses have been changing hands for handsome prices.

Let’s catch up on some recent transactions.

* An LLC with Gregory Maidman as managing member paid $3.875 million for a four-family brownstone at 320 Macon St. in October, city Finance Department records indicate.

This prime corner property has storefronts on Marcus Garvey Boulevard. It’s on a landmarked block.

The seller, an LLC with Tatiana Cames and Bruno Cames as members, had purchased it for $2.15 million in 2015 from Jonas Monlouis, Finance Department records show. Monlouis had bought it for $625,000 in 2004.

* Nearby 253 Macon St. sold for $2.25 million in June, Finance Department records indicate.

The two-family, four-story frame house has a handsome new facade.

The seller, an LLC with Uri Cohen as managing member, had purchased the house for $700,000 in 2016, Finance Department records show.

* Two doors down, the two-family house at 249 Macon St. is under renovation.

Its new owner bought it in January for $1.1 million, Finance Department records indicate.

An investment firm from Australia is busy on MacDonough Street  

* A brownstone on a landmarked block, 223 MacDonough St., that just sold in an estate sale in May for $1.8 million is flanked on either side by houses that are being renovated.

On one side there’s 221 MacDonough St., which Dixon Advisory USA bought through an LLC for $1.215 million in 2014, Finance Department records show.

That’s the metro New York unit of an Australian real estate investment firm that has spent several years buying brownstones in neighborhoods including Bed-Stuy, Crown Heights, Bushwick and Brooklyn Heights.

We photographed the house shortly after the purchase was made. Its stone facade was a ghostly pale color, as though it been prepped for renovation before it changed hands.

Now, Dixon is doing a gut renovation of the four-story building and converting it from a two-family home to a single-family dwelling, Buildings Department filings indicate.

On the other side of recently sold 223 MacDonough St., the house at 225 MacDonough St. had a full vacate order slapped on it by the Buildings Department in February because of a two-alarm fire.

In April, the Buildings Department approved an application to install a shoring system to stabilize the roof and fourth floor of fire-damaged 225 MacDonough St.  

* In May, the Bemit Discretionary Trust paid $1.7 million for 156 MacDonough St., Finance Department records show. This brownstone is on a landmarked block.

* In March, 29 Decatur St. was sold for $1.305 million, Finance Department records indicate. This house is also on a landmarked block.


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