HABITAT
Bed-Stuy's Bedford Avenue Is New Condo Hot Spot
February 12, 2015
It's no news that prices in Bed-Stuy have been on the rise and then some. Just ask all the people who have as many as four roommates and still find their share of rent creeping close to the $1,000 mark. And what about buyers? Well, with the neighborhood's historic brownstones hitting record numbers, some agents say buyers are looking at condos as alternatives, reports DNAinfo. Halstead Property real estate agent Morgan Munsey said Bedford Avenue would soon become a "condo canyon." Why? "Fourteen studio, one-bedroom, and two-bedroom apartments will soon go on sale at a new 'boutique condominium development' at 1188 Bedford Avenue." With units at 1188 reportedly going for up to $825,000 — nearly a grand per square foot — it certainly looks like the condo boom is alive and well in Brooklyn, and Bedford Avenue it the new condo hot spot. Sure, $825,000 is hardly chump change, but it's a lot more affordable than dropping a million on one of those brownstones.
Board Talk
Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!
Habitat Week by Week
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!