Bed Stuy Townhouse Record Jumps From $2.25 Million to $3 Million
Prices of townhouses in Bed Stuy are quickly catching up to Clinton Hill and Park Slope. A townhouse at 242 Gates Avenue in Bed Stuy — not far from the Clinton Hill border at Classon — closed for $3,000,000 in recent weeks, eclipsing the previous record of $2,250,000 at 22 Arlington. The sale has not yet…
Prices of townhouses in Bed Stuy are quickly catching up to Clinton Hill and Park Slope. A townhouse at 242 Gates Avenue in Bed Stuy — not far from the Clinton Hill border at Classon — closed for $3,000,000 in recent weeks, eclipsing the previous record of $2,250,000 at 22 Arlington.
The sale has not yet hit public records, but the listed price and status of the listing on the Corcoran website changed Wednesday. A listing agent did not respond to a request for comment.
The house at 242 Gates was asking $2,650,000, so the sale was for $350,000 over ask, although the house is only 16.67 feet wide. It featured an unusual renovation by seller Eli Fernald of Ground Architecture & Building, according to BK to the Fullest. We described the vibe as “brownstone meets factory in the woods” when it was a House of the Day in July.
It is a few doors down from another record setting house, a very large Parfitt Brothers-designed Queen Anne townhouse at 254 Gates Avenue that appeared to be in perfect original condition with updates when it sold for $2,200,000 in 2013.
The house at 242 Gates Avenue previously changed hands in 2007 for $749,000, before the current renovation. GMAP
Update: We just heard from Corcoran agent Zachary Stackell, who let us know the sale closed Wednesday, November 26, and confirmed the sale price was $3,000,000.
This is heavenly. The designer is a true artist. I have to say though, if you look at the design of this place, nothing too expensive was used (which I think it great!). This work looks all custom and I do not know if a contractor could pull off what this guy did. This designer is the real deal.
Sadly, I bet this is someone from Manhattan that paid $3M. Why “sadly”? Because as every day passes, us Brooklyn folk continue to get priced out of our neighborhoods. We simply can’t pay what those that just sold their one bedroom condo in the W. Village can offer to a buyer, hence prices here continue to rise.
Was lucky enough to see this place — even more impressive in person. A truly soulful and creative reno. I’m sure the new owners will feel lucky to live there.
I heard this house actually traded for a single Semper Augustus tulip.
Beautiful renovation. I love seeing what others have done with narrow houses.
And the backyard extension is amazing. No comment on the price.
dutch tulip bulb market bubble.