Bedford-Stuyvesant‘s most expensive home has sold for $6.3 million, setting a record price for the neighborhood and sending a message that rising property prices are making their way further into Brooklyn, according to the Wall Street Journal. At nearly twice the previous record sale of $3.3 million in 2017, the Renaissance Revival-style John C. Kelley mansion at 247 Hancock Street is the most expensive single-family house ever sold in Bed-Stuy. The 8,000-square-foot, 10-bedroom townhouse was built in 1887 for water-meter magnate John Kelley, designed by noted architect Montrose Morris and modeled after a Gilded Age Vanderbilt mansion along Fifth Avenue.
A six-story building in Bed-Stuy launched a lottery this week for 35 affordable apartments. Developed in collaboration between Comunilife and NYC Health + Hospitals, the Woodhull Residence at 179 Throop Avenue contains 89 studio apartments, designed as supportive and affordable housing. The apartments up for grabs through the lottery are set aside for individual New Yorkers earning 50 and 60 percent of the area median income, or between $27,463 and $43,860 annually, and include $746/month and $903/month studios.
Photo via Julien Magne/Flickr
A six-story building in Bed-Stuy launched a lottery this week for three middle-income units. The newly constructed building, located at 523 Willoughby Avenue, sits between Marcy and Tompkins Avenues and just a two-minute walk from the G train. Qualifying New Yorkers earning 130 percent of the area median income can apply for one $1,912/month one-bedroom and two $2,303 two-bedroom apartments.
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Columbia campus, via Pixabay
If you can’t bear the idea of living in the dorms for another year, you’re not alone. Unless you happen to go to Columbia where over 90 percent of students live on campus, there’s a high likelihood you’ll be searching for your own apartment at some point during your college years, just like 57 percent of students at NYU and 74 percent at The New School. And if you’re like most students, you’ll be looking for an apartment far from downtown that strikes the right balance between affordability, commutability, and access to services.
To help you make the smartest decision possible, 6sqft has compiled a list of affordable, student-friendly neighborhoods in Manhattan and Brooklyn. By New York City standards, all of these are both safe (e.g., reported fewer than 1.5447 crimes per 1000 people in June 2018) and within reach (e.g., on average, three-bedroom units can still be rented for less than $5,000 per month). Using July 2018 City Realty data on average neighborhood rents, we’ve broken down how much you’ll pay on average to live in a three-bedroom shared unit in each of these neighborhoods. We’ve also provided average commute times to both Union Square, which is easily walkable to NYU, The New School, and Cooper Union, and to the Columbia University campus.
Photo via Matthew Rutledge on Flickr
A newly constructed Bed-Stuy rental launched a lottery this week for 20 affordable studios. Located at 500 Gates Avenue, the five-story, 68-unit apartment building sits on the corner of budding Thompkins Avenue, a block home to nearby favorites like Bed-Vyne Brew and Peaches Hot House. Qualifying New Yorkers earning 60 percent of the area median income can apply for the $666/month studio apartments.
6sqft’s series “My sqft” checks out the homes of New Yorkers across all the boroughs. Our latest interior adventure brings us to the Bed-Stuy brownstone of Mark and Lauren. Want to see your home featured here? Get in touch!
The Upper West Side to Bed-Stuy may seem like a big jump, but Mark Macias and Lauren DeGregory haven’t looked back. Last August, the lovely couple bought a renovated brownstone in the ‘hood, upgrading from a one-bedroom apartment to a three-story 1890 house complete with a rental apartment, owner’s duplex, and, best of all, rear deck and backyard.
Having a warm, comfortable home was especially vital to the couple because of their schedules. Though he runs his own PR firm, Mark spent their first year as homeowners finishing up his play about Elvis Presley, “The King, The Final Hours.” And Lauren’s life sciences consulting job keeps her traveling and living out of a suitcase for most of the work week. 6sqft recently paid Mark and Lauren (and their dog Einstein!) a visit, got a tour of their pretty home, and learned a bit more about their new lives as homeowners.
Photo via Julien Magne/Flickr
With the impending L train shutdown, the G train is looking better and better, and here’s a chance to live less than a block from the Myrtle-Willoughby Avenues stop. The affordable housing lottery is for seven $1,074//month one-bedrooms, open to New Yorkers earning 60 percent of the area median income, at 901 Myrtle Avenue, a new 30-unit rental building.
Photo via CityRealty
Act quickly: Just two one-bedroom apartments are available at a new rental building in Brookyln’s Bed-Stuy neighborhood. The rental at 88 Hart Street sits between Marcy and Tompkins Avenues and only a few blocks from the Kosciuszko Pool and the Herbert Von King Park, a historic green space designed by Frederick Law Olmsted that also has a cultural arts center. Plus, the building includes a laundry room. New Yorkers who earn 60 percent of the area median income, or between $33,772 and $50,100 annually, can apply for the affordable $985/month one-bedrooms.
As any New Yorker knows, convenience is key, but it’ll often cost you. The city’s latest affordable housing lottery, however, offers a location on the same block as the Franklin Avenue stop in Bed-Stuy, and just a short walk to both the subway and LIRR at Nostrand Avenue. The brand new building at 1068 Fulton Street has 13 middle-income units up for grabs for New Yorkers earning 130 percent of the area median income, including $1,744/month one-bedrooms and $2,099/month two-bedrooms.
Photo via CityRealty
New York City has sold 10 homes valued between $1 and $1.2 million to Brooklyn families for about half the price, as part of an initiative to promote affordable homeownership throughout the five boroughs. The two-family homes are located throughout the Bed-Stuy neighborhood and sold for between an estimated $407,000 and $625,000 (h/t NY Post). To qualify for the affordable homes, the families had to apply through a housing lottery and earn 90 or 130 percent of the are median income, which ranges roughly between $50,856 for a family of three and $153,790 for a family of seven.