Sold! Lavish Bed Stuy Townhouse With All the Mod Cons Goes for $2.95 Million

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The luxurious, Neo-Grec townhouse at 126 Hancock Street in Bed Stuy has been snapped up for $2,950,000. The broker, Peter Gordenstein of Corcoran, just revealed the sale to Brownstoner, which closed Monday, adding, “This is the highest price for a townhouse in Bed Stuy to date!”

The price falls just short of the $3,000,000 paid for the five-story 242 Gates Avenue last year. But it’s still a significant fee for a home in the area, which has seen a steep increase in prices in the past several years.

Records indicate that the sellers, developers Sam Stern and Casey Schear, bought the home in 2012 for just $360,000. According to Gordenstein, the pair then spent the next two years renovating the four-story home.

When we wrote about 126 Hancock in May, readers described it as “gorgeous” and a “beautiful design.” More than one of our commenters saw the place in person, reporting that the open house was packed and that the home was indeed “a beautiful house on one of the nicest blocks in Bed Stuy.”

It was asking $3,195,000 when it debuted in May. Just up the street is the Kelley Mansion — the neighborhood’s priciest listing — currently asking $6,000,000.

House of the Day: A Lavish Brownstone With All the Mod Cons in Bed Stuy [Brownstoner]

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