Updated 11 years ago
Sold
430 MacDonough Street
Bedford Stuyvesant, Brooklyn | Malcolm X Blvd & Stuyvesant Ave
12 Rooms5 Beds4 Baths2,880 Square FeetRental Property
$1,345,000
floors / apts2 / 3
Lot Size20'x100'
Built Size20'x50'
ZoneR6B
Building TypeTownhouse
RE Taxes$5,139
Price Per SF
$467
This property was sold for $1,350,000 on 07/16/14.
Listing Features
- Moldings
- Original Details
- Restored Details
- Gas Heat
- Window AC Units
Outdoor space and views
- Garden
Property Description for 430 MacDonough Street
IN CONTRACT. Renovated 7 years ago, this 3 story, 3 family brownstone located in the recently expanded Stuyvesant Heights Historic District can be used by an owner, providing the use of living on 1, 2 or 3 floors.
As an investment property, the current rents are significantly below market, providing an opportunity to own a building offering a solid return today, in an appreciating market. Benefit from the retail growth of Malcolm X Boulevard which was recently highlighted in Crains "Bed Stuy eyed as the New Williamsburg". Separate electric and heating units per apartment minimizes operating costs.
A, C train (4 blocks) at Fulton Street.
As an investment property, the current rents are significantly below market, providing an opportunity to own a building offering a solid return today, in an appreciating market. Benefit from the retail growth of Malcolm X Boulevard which was recently highlighted in Crains "Bed Stuy eyed as the New Williamsburg". Separate electric and heating units per apartment minimizes operating costs.
A, C train (4 blocks) at Fulton Street.
Listing History for 430 MacDonough Street
Now
07/22/2014
$1,350,000
Sold and Closed by Steve A. Sallion
Daniel Gale Sotheby's International Realty
05/23/2014
Contract Signed by Steve A. Sallion
Daniel Gale Sotheby's International Realty
Building Details for 430 MacDonough Street
OwnershipRental Property
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts2/3
Transit and Citi Bike
Subway
Utica Av
0.22 miles
Citi Bike
MacDonough St & Malcolm X Blvd
0.03 miles
Chauncey St & Malcolm X Blvd
0.16 miles
Contact Agent
Contact Agent
Licensed As
Steve A. Sallion
Associate Broker
License#:
10301208698
Company:
Daniel Gale Sotheby's International Realty
Steve Sallion
Daniel Gale Sotheby's International Realty
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 51714TH
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