Aptsandlofts.com expands into gentrifying Bed-Stuy

TRD New York /
Nov.November 12, 2013 02:00 PM

With an ear to the ground for the next breakout Brooklyn market, brokerage Aptsandlofts.com 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 aptsandlofts.com’s headcount to 150 agents, the firm said in a release.

In July, Aptsandlofts.com 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


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