Breaking: Bed Stuy Brownstone, Former School, Fetches $1.585 Million at Auction


    We hear from a well-placed tipster that the once-elaborate brownstone at 272 Jefferson Avenue sold at auction today for $1,585,000. The house was not a foreclosure; rather, the state of New York was getting rid of the property, which at one point had operated as an alternative school. Except for a few rooms on the parlor floor, very little was left of the original interiors, as can be seen on this Flickr page. Our tipster told us the buyer was Australian investment firm Dixon Advisory (or one of its related companies), which has been acquiring property in Brooklyn to rent. The minimum bid was set at $770,000. Do you think they got a good price?

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