Welcome back to The Six-Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline.
Home prices in Bed-Stuy have shot up dramatically in the past decade or so, with apartments now asking prices that might have seemed unthinkable not so long ago.
Take this studio, located on Macon Street between Marcy and Tompkins avenues, as an example: It last sold back in 2013 for around $167,000; it returned to the market today for $395,000. Why the price jump? Well, the aforementioned rise in Bed-Stuy real estate prices, for one. (The median home price is now around $735,000, according to the latest Trulia data.)
The apartment, which measures around 350 square feet, has also gotten some cosmetic upgrades, including a new bathroom lined with subway tiles, and a revamped kitchen with sleek appliances and new cabinets. It’s a rather livable space, with a separate sleeping alcove (which does, at least, have a window), and exposed brick walls and an antique mantle add character.
Still, we’re talking about an apartment asking $1,128 per square foot—which is definitely high for the neighborhood. Maintenance and taxes come to $429/month, combined; Corcoran’s Emma James has the listing.
There’s no floorplan with the current listing, but an old one gives a sense of the space:
- Listing: 156 Macon Street #2A [Corcoran]