The days of finding an affordable historic brownstone in Brooklyn are long gone. Today, brownstones–like this one at 348 Gates Avenue in Bed-Stuy–are priced into the millions. Because the home has much of its historic interior details intact, like mantles, high ceilings and the original hardwood floors, it’s especially pricey for the neighborhood, with an asking price of $1.9 million. It’s also in a convenient area of the neighborhood, bordering Clinton Hill and off the main drag of Franklin Avenue. So, will this brownstone achieve its high ask?
The interior really is gorgeous with decorative doorways and fireplaces, ceiling medallions, moldings and big windows. It looks like the owners have done a good job keeping everything intact since the townhouse was constructed in the late 19th century…Impressive!
There is, however, a downside to the property. It’s been broken up into a three-family residence, so it’s lost any glory it had as a single-family home. Currently, the home is configured as a two-bedroom owner’s duplex on the parlor and garden floors; a floor-through apartment on the middle floor; and a floor-through apartment on the upper floor.
That means that instead of an owner getting plenty of space, there are three tenants who are getting less. That’s evident, of course, in the current kitchen setup and the lack of rooms like a dedicated dining area.
The owner’s duplex is still nice, with access to the basement as well as the backyard.
And here’s a view of the outdoor space, which the owner could choose to use privately. So what’s the verdict for this well-kept historic brownstone, broken up into three apartments and asking $1.9 million in Bed Stuy? Given the strength of the Brooklyn market, we wouldn’t be shocked to see this achieve close to its asking price.
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- 19th Century Bed-Stuy Townhouse on ‘Doctors Row’ Is Swimming in Wood Details
Photos courtesy of Douglas Elliman
Neighborhoods : bed stuy