This freestanding wood-frame home on Jefferson Avenue in Bed Stuy traded for an eye-popping price of $1,700,000 in January and is slated for demolition. The house at 827 Jefferson Avenue has been greatly altered over the years, but is an Italianate likely dating from the 1860s or so.
This house recently flipped between developers. An LLC, 827 Jefferson Ave, bought the property for $1,200,000 at the end of August — a high price for this part of the neighborhood. At the end of January, the company turned around and sold the house to the similarly named 827 Jefferson LLC and 829 Jefferson LLC for $1,700,000 — a price that is likely a record for this area.
A new development is in the works. (more…)