The Real Deal New York expands into gentrifying Bed-Stuy

November 12, 2013 02:00PM

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308 Malcom X Boulevard and David Maundrell

With an ear to the ground for the next breakout Brooklyn market, brokerage signed a lease for 2,000 square feet over two floors at 308 Malcolm X Boulevard, between MacDonough and Decatur streets, in Bedford-Stuyvesant.

The Williamsburg-based sales and rental brokerage opened its second Brooklyn office in Cobble Hill last year, and this marks the third. Founder David Maundrell said he is seeing families increasingly spend roughly $1 million in Bed-Stuy to convert a three-family house into a single-family one. Douglas Elliman, Halstead Property, the Corcoran Group and Brown Harris Stevens have many listings in the neighborhoods, but none has an office.

“I’m seeing in Bed Stuy what I saw happen in Williamsburg in 2002,” Maundrell told Crain’s, which first reported the news. “We’ve been working out there for a very long time.”

The new digs will accommodate 45 agents, ultimately bringing up’s headcount to 150 agents, the firm said in a release.

In July, enlisted Chris Havens of Creative Real Estate Group to head its new commercial division and supervise a team of five brokers, as previously reported. [Crain’s]Mark Maurer

  • sam

    If you would be willing to pay 18k just for a web address, Im interest in selling
    Less then that I’m only willing to do a partnership.
    All similar names were taken years ago.

  • jon

    Good A+L will put Evans & Nye out of business now that all the agents left for Halstead. Smart move on their part and perfect timing.