The Real Deal New York

With $1.1M ask, no-frills Bed-Stuy building seeks Clinton Hill prices

January 14, 2013 10:30AM

Following the record-breaking sale of an elegant 1875 Bedford-Stuyvesant three-unit brownstone for $1.34 million last month, another Bed-Stuy building is seeking prices better suited to nearby Clinton Hill. According to Brownstoner, a newly constructed multi-family building located at 360 Greene Avenue is asking $1.1 million.

Just blocks from Clinton Hill, the stark, no-frills building  — also three units — generates about $5,355 a month in rent. And according to PropertyShark, the median price for properties of this size in the area is only $700,000.

If the four-bedroom, five-bathroom building, which is listed with Brooklyn Properties, sells at ask, it would not only be one of the pricier sales in the area but would be significant for a new building that lacks the neighborhood’s famous pre-war flourishes and that can only boast amenities such as a one-car garage, and a washer and dryer. [Brownstoner]  —Christopher Cameron

  • no-permits

    the $1.34 is not the record for a townhouse in the neighborhood.. barbara corcoran paid $1.46MM for 408 stuyvesant in 2008.