Corcoran’s Bed-Stuy leaflets highlight changing nabe’s market

TRD New York /
Jun.June 10, 2013 05:45 PM

A Corcoran Group broker has distributed flyers in Bedford-Stuyvesant trying to persuade brownstone owners to part with their valuable townhouses — a far cry from the days when house-flippers would offer to buy brownstones in any condition, Brownstoner reported. The leaflet, distributed by salesperson Shameika Wade, warns that no one is building new brownstones, meaning that prices in the neighborhood will increase, and points to two recent record sales.

“Open houses see upwards of 100 people with lines down the street and only one lucky bidder can buy!” the letter reads.

Bedford-Stuyvesant has seen pricey purchases as of late. A three-family townhouse that was featured in the movie “Crooklyn” sold for $1.8 million — $500,000 over its asking price, as previously reported. And the $2.2 million purchase of 254 Gates Avenue broke a neighborhood record earlier this year, Brownstoner noted.

Also, potentially leading to increased prices, the Landmarks Preservation Commission in April approved tripling the size of the Bedford-Stuyvesant historic district, as previously reported. [Brownstoner]Zachary Kussin


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