Paddle Time: 404 Stuyvesant to Hit Auction Block

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All of Stuyvesant Heights is aflutter over the latest beauty to hit the market - 404 Stuyvesant Avenue. (Check out the full page photo on p. 252 of Bricks and Brownstone.) According to an email we received from a reader, the current owner, who lives on Long Island, inherited the place a few years ago from the old lady who’d lived there for years. He’s been collecting the modest rental income for a while but recently decided he wanted to sell. We hear that the guy’s already been offered as high as $1.5 million for the place but thinks he can do better. So who’d he go with? Corcoran? A local broker? No way. He’s going for a balls-to-the-wall no-minimum auction. It’ll be interesting to see if he’s right. In the meantime, he should make sure his auctioneers know the difference between Brooklyn Heights and Stuyvesant Heights!
Limestone Mansion [Absolute Auctions & Realty] GMAP P*Shark

By Brownstoner |