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Dixon is shopping around its landmarked Bed Stuy apartment building at 75 MacDonough Street, hoping to get more than $4,000,0000 for it, a few different sources have let us know. Meanwhile, passerby have noticed signs on the top floor protesting conditions in the building, and one reader sent in the photos above and below. (Scaffolding has gone up on parts of the building since these photos were taken.)

Dixon is trying to see if it can get a good offer for the building, given the hot market, Alan Dixon, Managing Director and CEO of Dixon Advisory USA, told us. There is no set asking price.

“I think this is a great building in an amazing neighborhood,” he said. “If we get good offers we will sell. If we end up keeping, that works for me as well.”

Readers may recall Dixon (and an unnamed partner) bought the William Debus-designed Renaissance Revival building in June for $3,150,000. It has large apartments with a good deal of interior detail still intact. Four of the eight units are market rate.

Although the publicly traded Australian REIT owns other large commercial buildings in the New York area, including in Brooklyn, it is mostly known for its portfolio of townhouses, which it buys, renovates, and holds to lease out, not flip, because of tax and trade regulations.

Marcus & Millichap is handling the sale. As for the signs in the windows, they spell out “Dixon blogspot Bed Stuy move or die” and “mice, lead, mold.” Last month, a tenant at the building emailed us about a “harassing culture” at the building and speculated it’s for sale because it’s not profitable for the owners.

(When we asked him for more details, he said “Sorry Cate, no comment. I’m scheduled to meet another journalist for an exclusive.” The blog referred to in the windows is now password protected.)

Dixon has been fixing up the building, although there is more to do, Alan Dixon told us.

“In relation to the building and its conditions, it was bought with a lot of violations and had even more issued,” he said. “We’ve been steadily removing the violations in a methodical manner. We’ve already done a huge amount of work inside. If you drive past you will see the scaffold is now up which is required to remove all the external violations. It will take time, but it will be violation free relatively soon.”

As for the signs in the windows, he said:

“In relation to the signs in the window, all tenants are entitled to their opinions. I happen to not agree with this one!”

75 MacDonough Street Coverage [Brownstoner]

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What's Your Take? Leave a Comment

  1. I looked at this building when it was on the market before. The tenant on the top floor is a relatively new tenant, not a long time tenant at all. He claimed in a load fashion when I was there that he has been in court to claim his rights from the moment he moved in! A couple of years at that point. Yes, his rent was far below market, because the prior long time owner did it by the book. Why not just move in and appreciate it? No, he has rights…. any sane person would have just dealt with the minor issues: 100 year old original windows do come with some droughts etc that is what curtains are for. Pieces of molding coming out of alignment etc! Move to a new building, if you don’t like antique details and charm! But yes an HPD inspector will write them up as violations.
    No matter what any landlord does; and the prior one had and was trying to do a lot while I was there, but the tenant would not let workers in because the worker was 30 minutes late for his appointment! For a job that would be taking the whole day. Clearly a tenant with a serious abuse issue of both any landlord and workers trying to maintain the building.
    There was also another tenant on the lower floor; a lovely elderly lady who had lived in the building for many, many years but was now living in fear of her life from her own family who had all moved in and were terrorizing her. Her grand daughter and her “fiance” along with six children as well as an other adult friend had all moved in a taken over the apartment. The poor tenant was clearly a victim of elder abuse at the hands of her own family just because she had a rent stabilized apartment, and those mutts will inherit the apartment once she is gone. The elderly lady was locked out of most of the apartment, every room had locks on the doors, so she showed me her tiny room, (what was the original maids room off the kitchen) the kitchen & the bathroom and hoped that I could help her.
    There is much talk in the press about landlords abusing rent stabilized tenants, no one talks about tenants abusing their own elderly family members and long term landlords. Not all Landlords are faceless corporations, most of the long term landlords in the outer boroughs are people that live in the communities, but are now completely giving up again, ( in the early 1980’s it was due high oil & RE tax issues etc) not because of the price that they can get for them…40-50 years of your life is worth more than money can pay, it is not about money, it is about not being able to protect your good tenants or being able to maintain and update the building that you have struggled to do right by all these years. But because their kids certainly do not want them and face the abuse from tenants and the authorities, but they also do not want to be abused any more by the few (the tenant on this top floor for example) and the rights of tenants without any notice of the whole situation.
    Rent stabilization has been in existence for more than 50 years, of buildings that for the most part were already old. Most of these buildings need major work that cannot be done with people living in them!
    This is a beautiful landmark building that if it is to be preserved should NOT be rent stabilized.

  2. This tenant that is complaining is probably paying nothing for their unit but still want perfect condition.
    If they are not happy with the condition, why can’t they just leave.

  3. I’m sorry but anyone with enough time on their hands to make window collages, operate a blog with video, chase journalists to pick up their plight, etc has no job other than to be a professional tenant i.e. live for free by playing the court system. I guarantee these people have a lengthy non-payment history in the courts if not evictions. I’d bet my house on it. But, DiBS is right…Dixon learned a tough lesson. Its a shame because they turn out beautiful projects.