A little less than a year ago we checked in on 111 Monroe (also known as 1142 Bedford), a 29-unit condo development in Bed Stuy. At the time, the developer had just received approval to sell 50 percent of the units through FHA loans. As you may recall, this is a pretty sweet deal for buyers, who are only required to put 3.5 percent down. 7 of the 10 closings have been with FHA loans, and 21 of the 29 units in the building have sold. The remaining one-bedrooms start at $345,000 and the two-bedrooms at $450,000.
111 Monroe Passes 50% Mark [Brownstoner] GMAP
Big Price Cuts at 111 Monroe Street [Brownstoner]
Price Cuts at 111 Monroe Street [Brownstoner]
111 Monroe Street: Let’s Do the Time Warp Again [Brownstoner]
1142 Bedford Avenue Nearing Completion [Brownstoner]
Development Watch: 1142 Bedford Avenue [Brownstoner]
Development Watch: Halfway There at 1142 Bedford [Brownstoner]
New Development: 1142 Bedford Avenue [Brownstoner]