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…
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?
“just stopped in the bank today to discover, home loan interest rates are rising back up”
LOL! love that you went to the bank to get this info. Old school!
bankrate dot com.
Even if they do 4 luxury condos here, I really don’t think they’re going to get a great return.
How much does a 3=bedrom condo in bed stuy go for? 600K? x4 = 2.4M
Nope, not enough profit after renovation costs and changing CoO
Leaving investment properties sitting empty doesn’t seem like a great business model to me. You’d think they’d want to convert/renovate right away to start making some of their money back.
City is stupid.
Dibs was always on here bragging about tops and bottoms.
np, i’ve been around these parts a looooong time. I changed my login name with the new commenting system.
He sold his house for what the market would give him at the time.
if all homeowners looking to sell have the foresight to wait till the market commands more, then there wouldn’t be any houses for sale.
Maybe cause he doesn’t care.
Big guy, why do u think they went the auction route if they could have gotten more (1.8M) with a broker?
You keep asking dibs the same question over and over and over.
U either obsessed with his house or his hancock.
Lots of people (end users) are paying cash for these houses. If someone thinks they’re gonna get a deal why wouldn’t they take off from work for a day and try to bid on this property.