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Renovated Crown Heights Brownstone Fetches a Quick $1.375M

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When the renovated brownstone at 834 Lincoln Place hit the market for $1.25 million back in January, we wondered if single-family townhouses in gentrifying Crown Heights were going to start seeing the same kind of demand as those in the posher parts of brownstone Brooklyn. And it looks like the neighborhood is on its way there?Corcoran broker Jim Winters informed us that the house closed yesterday for $1.375 million, 10 percent more than its asking price. The sale didn't set the record for a single-family home (StreetEasy shows a freestanding house on Saint Marks Avenue sold for $1.4 million in February), but it may have set the neighborhood record for a single-family brownstone. But that record could soon be broken as there are quite a few multi-family brownstones for sale in the neighborhood, so we expect to see more renovated mansions hit the market in the not-so-distant future.

The sellers of this 20-foot wide, four-story home spent six years renovating it to create a single family residence with five bedrooms, three and a half baths, a home office, and a landscaped garden. Original details were restored and all mechanical systems were upgraded.
· Listing: 834 Lincoln Place [Corcoran via StreetEasy]
· Renovated Crown Heights Brownstone Listed for $1.25M [Curbed]

834 Lincoln Place

834 Lincoln Place, Brooklyn, NY