Sales have started at the brownstone-style new construction condo building at 353 Jefferson Avenue in Bed Stuy. As readers may recall, neighbors and preservationists were alarmed when they first saw the building under construction on the brownstone row, but relieved when they realized the design would fit in among its neighbors. The area is part of the proposed Bed Stuy North Historic District.
The small infill building has four units in total. A 1,056-square-foot two-bedroom unit came on the market in April. It has a living/dining room in the front, an open kitchen in the middle and two bedrooms in the back of the apartment. It also has two bathrooms. It’s asking $899,000.
The economists have spoken. If you don’t allow your 125-year-old brownstone to be torn down to make room for high-rise apartments, then you hate America.
Or that’s what you might think if you’d read recent stories by New York Magazine, WNYC, and The Real Deal. According to them, a new study by economists Chang-Tai Hsieh of University of Chicago and Enrico Moretti of University of California, Berkeley can be boiled down to one sentence: “Brownstones cost the economy billions.”
The argument is that the entire U.S. economy would be 9.5 percent bigger if just three cities — New York, San Francisco, and San Jose — increased their housing stocks by knocking down their Brooklyn brownstones and historic San Francisco Victorians, and putting up high-rise condos in their places.
Only that’s not at all what the study said.
This Park Slope brownstone at 806 President Street has been gut renovated and just hit the market with rents from $2,450 a month. While the interiors don’t look anything like a typical brownstone — we don’t see any original detail, for example — we think they look much better than typical new construction.
The brick has been exposed on the chimneys and the kitchens and bathrooms are a little more interesting than most, with green cabinetry and white subway tile and, in the bathrooms, what appears to be patterned cement tile on the side of the tub. Some of the rooms aren’t white, either — is that pale-gray paint we see on the walls, above?
Pricing for the eight rentals ranges from $2,450 for a studio or one-bedroom to $2,600 for a two-bedroom simplex (three rooms) or $5,100 for a two-bedroom duplex (four rooms) with private garden. There’s also a common roof deck.
We don’t see any floor plans, so we’re not sure how big the units are. Click through to see more interior photos. What do you think of the finishes and pricing?