Closing Bell: Is Bed Stuy Ready for $2 Million Condos?


Bed Stuy’s most expensive condo ever has just hit the market at $1,899,000 in a converted townhouse on Gates Avenue between Franklin and Classon. The four-bedroom, three-bath duplex at 252 Gates Avenue is 2,273 square feet and occupies the garden and parlor levels of a Parfitt Brothers-designed Queen Anne townhouse.

Each floor is 70 feet deep and up to 21 feet wide, and the parlor floor ceilings reach up to 11 feet, according to the listing. The condo features white oak herringbone floors, multiple original mantels, a wood burning fireplace, private backyard, a washer/dryer and central air conditioning.

The other two units are a floor-through two-bedroom, two-bath asking $949,000, and a three-bedroom, 2.5-bath duplex with a large private roof deck for $1,499,000.

As it happens, these condos are right next to 254 Gates Avenue, another Parfitt-designed beauty that set the current Bed Stuy townhouse sale record when it closed for $2,200,000 last year. The current record for Bed Stuy’s most expensive condo sale is $1,250,000, held by a three-bedroom, two-bath apartment at 105 Lexington Avenue #4H that closed in December, according to Streeteasy. Before being divided into condos, 252 Gates was a House of the Day and last sold for $1,450,000 in the fall of 2012.

Alex Maroni of Douglas Elliman is marketing the units. Do you think these will sell close to ask?

More pictures after the jump!

252 Gates Avenue Listings [Douglas Elliman]  GMAP
House of the Day: 252 Gates Avenue [Brownstoner]

And here are a few shots from unit #2 (the three-bedroom, 2.5 bath duplex):


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