Bed Stuy Brownstone Goes for $1.65 Million at Kings County Public Auction

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A beautiful Amzi Hill house built in 1886 but in estate condition at 136 Macdonough Street sold for $1,650,000 at a Kings County public auction yesterday. It was an eye-popping price for a house of its type at auction — so much so that the buyer “got 60 seconds of applause,” according to a developer who attended. Another, smaller house with less elaborate detail at 716 Monroe went for $505,000 at the same event.

“A developer looking guy bought it and I hope he does not ruin this super-intact home,” another tipster said, referring to the house at 136 Macdonough Street, which is 20 feet wide and four stories.

The developer told us he was somewhat skeptical of the recent steep increases in sale prices but said offers for “finished product” and rents “are still booming,” so they seem to be justified.

One of our contacts sent us his photos of 136 Macdonough Street. Click through to the jump to see more. What do you make of the sale?

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