House of the Day: 741 Macon Street
This one-family Romanesque-slash-Renaissance Revival sandstone and brownstone in east Bed Stuy has been updated, though it still retains plenty of original details. Located on a block of Macon Street near Saratoga Park that won “Greenest Block” in Brooklyn this year, 741 Macon Street was designed by architect Henry Vollweiler in 1889 for developer-builder James J….
This one-family Romanesque-slash-Renaissance Revival sandstone and brownstone in east Bed Stuy has been updated, though it still retains plenty of original details. Located on a block of Macon Street near Saratoga Park that won “Greenest Block” in Brooklyn this year, 741 Macon Street was designed by architect Henry Vollweiler in 1889 for developer-builder James J. McCoy, according to the listing.
It has original slate and elaborate wood mantels with Minton-style tile, wainscoting, decorative plaster work, two bedrooms, two bathrooms, a laundry room and an eat-in kitchen. The roof, facade and mechanicals have all been updated. What do you think of it and the ask of $1,500,000?
741 Macon Street [Halstead] GMAP
i guess it’s taken off the market only to be listed again in the summer @ 1.7
no longer listed, so is it sold?
Here are several comps I looked at within 50 yards of 721 Macon:
1) 726 Macon – $900k sold 6/25/2014
2) 730 Macon – $1.1M sold 6/10/2014
3) 732 Macon – $1.225M sold 4/10/2014
I didn’t dig that much into the Comps to see if there is something that may give a very large advantage to 721 Macon, but it sort of looks like 721 is a bit over priced.
Of course, however, if you buy for $1.5 Million and in 10 years from now it’s worth $3 Million, you wouldn’t complain about paying a premium above the purchase price.
that living room fireplace mantle is really too much but it does leave a place for that urn or trophy…
Does anyone really like those fussy victorian details? a little too much overkill. like living in grandmas house. if I owned, I’d have to take off a few too many of those doo-dads.
Brokers are driving the market up (or trying to…). That is how the get the listing to begin with. is this a Ban Leow listings or what? he always reaches for the sky at first.
narrow building to boot – only 17′ wide.
Definitely overpriced by $200K. Will go for closer to 1.3M if lucky. another overpriced flip.
As a happy homeowner in this part of Bed-Stuy, I’m not so sure what you all mean by “that far out” and “so deep.” Is that code for “I’ve never actually been there?”
For many, this part of the neighborhood is actually more desirable than the western or northern parts of the ‘hood because it’s far more architecturally consistent, and far more “prime” because it’s largely made up of well-preserved, low-density, one and two-family 3-story houses, most of which are owner-occupied. This block of Macon is arguably one of the nicest blocks in all of Brooklyn – and yes, I have been to Park Slope and Brooklyn Heights – and I still stand behind that assessment. Many of the blocks around this block are also pristinely kept, quiet, and you’ve got the option to commute to Manhattan via the A/C, as well as the J train. If you’re the type of person who likes to go to Queens or to Williamsburg to shop, or for evening entertainment, it’s a quick 10 minutes by train, bike, or car. Is $1.5 million fair for this building? If you think that prices in all of NYC are nuts, then I would say – no, $1.5 is ludicrous, especially considering how much buildings were selling for just 2 years ago. But buildings around here have recently traded hands for $1.3 million, and those have needed work, so a renovated, updated building with nice original details – if you compare against other buildings being sold as of late – might actually sell at ask. I’m not endorsing that price – just reporting facts.
I agree with you that this is not “far out” in general, but come on, you do not get to Manhattan from Macon and Ralph in 10 minutes except by helicopter. According to MTA schedules, the C train from Ralph to Fulton is 19 minutes alone, and there’s a 10 minute walk in there somewhere. The A from Utica is better of course, at 16 minutes, but again missing a maybe 15 minute walk.
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I use Clinton-Washington C and even from there, it’s 12 minutes to Fulton. From Bergen St 2/3, it is 12 minutes to Wall Street. So I don’t know if I’d say this is closer to Manhattan than Park Slope is, especially considering the difference in local amenities between the two.
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Now, you can’t buy a house in the north Slope for $1M anymore, so that point is probably moot anyway.
You are right. It is 741 and not 721. I did a search for comps for 741, however. Thanks for pointing it out. I’m fine if I make an error and someone points it out.
The 3 comps above are B3 (Two Family converted from one).
What I find disturbing is that the Halstead Listing is using 50 Madison, between Franklin and Classon, as the Comp when there are clearly much better comps for this property.