Everybody loves Brooklyn townhouses, and Bed-Stuy used to be one place to look for a relative bargain. It's a safe bet that those days are over, at least based on this Real Deal analysis. Halstead Property broker Morgan Munseywho actually lives in Bed-Stuy, too, so is something of an experttells TRD how he keeps putting townhouses on the market for what he considers aggressive pricing... and then they all sell for over ask. Two prime examples? Why, the two most expensive Bed-Stuy townhouses to ever sell: a dark-wood-detailed beauty at 22 Arlington Place (above), which Munsey represented, and a renovated home with a swing and hammock at 96 Quincy Place (below), sold by a pair of Brown Harris Stevens brokers. both sold in June for $2,250,000 apiece. 22 Arlington had been listed for $1.995M, while 96 Quincy asked $1.85M.
[96 Quincy Place, a two-family limestone townhouse that sold on June 18 for $2.25 million after asking $1.995M.]
Also, people could live at 22 Arlington now if they wantedit's currently on the rental market asking $10,005/month.
Munsey says "$1.8 million has become "the new asking price," adding, "As long as the tonier areas like Park Slope and Fort Greene and Brooklyn Heights and Cobble Hill have $4- and $5-million houses, this is still a deal here in Bed-Stuy." When $1.8M is "a deal," it probably means Bed-Stuy gentrification watchdog Spike Lee is coming to get you. Munsey, beware.
· Bargain hunting? Top 10 sales in Bed-Stuy [TRD]
· Brooklyn Townhouse Roundup archive [Curbed]
· All Bed-Stuy coverage [Curbed]