House of the Day: 59 Macdonough Street
This old-school four-story brownstone at 59 Macdonough Street in Bed Stuy has some great details but, according to a reader who saw it yesterday, is a ticking time bomb that needs a new owner asap. In an effort to “fix up” the house for sale, the current owner, who’s been in the house since 1999,…
This old-school four-story brownstone at 59 Macdonough Street in Bed Stuy has some great details but, according to a reader who saw it yesterday, is a ticking time bomb that needs a new owner asap. In an effort to “fix up” the house for sale, the current owner, who’s been in the house since 1999, is reportedly destroying some of its most characterful aspects, oblivious to the fact that these are precisely what make the house attractive to a large portion of potential buyers. Given the asking price of $775,000 and the proximity to the Stuyvesant Heights Historic District, we’re hoping someone out there will get interested in this place before serious damage is done. Update: The broker shot us an email to let us know that the owner’s work is limited to the top floor, which he had started working on before he decided to sell; he’s going to finish up that work and he’s not touching any of the other details in the house.
59 Macdonough Street [Craigslist] GMAP P*Shark
I own a brownsttone very local to the house. As faras parking it is generally very good, both my tenants have cars and have no problems. During church services (there is another bug beautiful church literally directly across the street) double parking is permitted during services. The neighborhood is good and neighbors are good generally.
The house is a nice house and has a nice 20×50 backyard. The price of $775 is right where it should be, and yes the guy selling has been there a long time.
I live a block away from this house. There are 2 huge churches on the block and parking is always difficult. On Sunday, parking is IMPOSSIBLE! The block isn’t the best. A mix of brownstones and apartment houses and churches.
(I believe this is the house that had numerous open houses throughout the winter.)
I agree with Antoinne Roquetienne:
I can only dream of owning a Brownstone in Clinton Hills which is not even close to being one of the highest prized Brownstone neighborhoods. Bed Stuy is the only place left to carefully search and find a beauty that needs some restoration while enjoying Brownstone living. At least for us middle class folks.
I could only imagine that there is no parking. But I see a church in the block as a plus. Especially if they give back to the block.
This is a really nice part of Bed-Stuy, super-convenient to the A train at Nostrand and gigantic Foodtown, and close to the up-and-coming strip of nice shops, restaurants and bakeries on Tompkins.
There is a huge church very close by. Anyone know what that’s like on Sunday morning?
As I posted yesterday, you will find no more brownstone values outside of Bed-Stuy. Not in PH, not in PLG,
CrH or SP (Sunset Park). By value I mean, you can still buy one with the income level of the middle class, which means you make between 50 and 150K in NYC. Everywhere else, if you were lucky enough to find a brownstone under 800K, it would require another 200K in reno costs (as in that house of the day posted earlier this week with the permanent stench of dog poo).
Somebody just buy this nice brownstone in Bed Stuy, take your time renovating it further while enjoying the true brownstone lifestyle without the fear of bankruptcy that comes with a monthly mortgage bill of $12,000, as you would likely have in the same brownstone in ClHi or FtGr. Nothing against these beautiful neighborhoods, just my typical tirade against the ubiquitous idea that everyone has 400k lying around in their bank account to put down on a brownstone.
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=983823&ohDat=5/20/2007%2012:00:00%20AM;
See what I mean. Corcoran is selling a 3 floor Brownstone that needs work, deeper in to Bed Stuy/Ocean hill Border for $825,000.
This house has 4 floors, details and lots of potential….
I’ve also seen the house and the house is beautiful. Most details are still intact. Love the fireplaces, Love the Size. I think the house is prized right. A friend of Mines owns a Brownstone on the block before and it was just recently appraised for 1.2m. The applebees and train station are walking distance away. Its just the house needs minor restoration. For the size and the Location and what’s currently on the market right now, the House makes a lot of sence. I’m going for a second visit with my contractor. If Corcoran was listing this house the prize would have been like $849,000. Guarantee it!!!
It is only a legal 1 family according to property shark. The craigslist ad says it is a 2 family currently used as a 3. It is going to cost some money for the proper conversion if someone wants the rental income. I wonder if there are tenants in the place already.
Also, property shark has the square footage listed as only 2400. That seems kind of small especially if is going to be used as a 3 family. It would be a nice 1 family, but I am not sure if it is worth the asking price as a 1 family.