High-Priced Bed Stuy HOTD in Contract?


The brick rowhouse at 44 Monroe Street that was asking $1,650,000 — and whose interior was made over by its architect owner with an urban rustic vibe — has entered contract, as a commenter in the Forum pointed out yesterday. You can still see the photos on Streeteasy. When it was a House of the Day back in July, we said, “Overall, looks like a nice effort. The bigger question in our minds is whether a three-story house (and one with relatively modest proportions, at that) in this location can command a price of $1,650,000 but we’ve learned our lesson about betting against the Minsk!” Did they get their ask? Well, it’s not so simple. We don’t know because, strangely, the sale has not yet hit public records, although the contract was signed in January, according to Streeteasy. Ominously, right about the same time, a lis pendens was filed against the property by the mortgage holder, although the amount is not listed in PropertyShark. (The mortgage was only $150,000.) Could title problems be holding up a sale? In the meantime, prices have really taken off in this corner of Bed Stuy. What do you think the property is worth now?

What's Happening