The Real Deal New York

Bed-Stuy townhouse eyes record $3M sale

December 09, 2013 02:15PM

288 Decatur Street

288 Decatur Street

A partly completed multi-family townhouse in Bedford-Stuyvesant, located at 288 Decatur Street, is poised to hop onto the market any day now with a record $3 million price tag.

The five-story home at the corner of Stuyvesant and Decatur streets is fashioned as an owner’s duplex on the bottom with rental units up top. Each of the upper floors has a studio and a one-bedroom apartment that gross a total of $2,500 per floor — rates the current owner has not increased in seven years, he told BK to the Fullest. Two floors also include a 20-foot extension.

Paul Gooden of Kian Realty has the listing, which boasts central air, all new plumbing and electric, and a parking space for the duplex owner’s unit.

The potentially pricey sale comes alongside a flurry of development in the neighborhood, with four new residential buildings under construction on nearby Skillman Street and DelShah Capital selling a 44-unit apartment complex near the Pratt Institute for $18.2 million in October. [Bk to the Fullest]Julie Strickland

  • http://www.cognation.net/ deancollins

    Cough “$7,474 in taxes a month” lol make sure you figure that into your calculations when trying to work out if being a landlord makes sense. Based on the photos I saw…..nope not going to close at $700 psqft

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