Saturday, July 19, 2014

Bed-Stuy Loft Condo Hits the Market: 689 Myrtle Avenue

Platinum Members have purchased in Bed-Stuy's "The Chocolate Factory" condos before.  Now another unit hits the market at 689 Myrtle Avenue that's bound to have a few buyers ready for it.  As seen first on, weighing in at over 1,300 sqft, with 18' ceilings, a common roof deck with a garden and sick windowed-out gym... the asking price of $889K makes condos a mile & half north in Williamsburg for $1.2M look silly.  See for yourself...

Get your skyline views on from the friendly confines of northwest Bed-Stuy...

With some new construction condos in Bed-Stuy closing for $700-$800/sqft and up, $660/sqft is looking pretty enticing.  Plus maintenance under $700/month.

The only potential hold-ups are that, although it has 2 baths, it's only got a "den" as the 2nd bedroom.  Also, it's on the first floor.  And you can still get railroad apartments under $800K in Prospect Heights.  Although nothing as grand as this.

Pro's:  huge loft condo under $900K, modern renovation, great price per square foot, low monthly fees, sick amenities in the building

Con's:  it's not Williamsburg, it's not on an upper floor, worse condos can be had for cheaper in better neighborhoods

Ideally:  at the right price, we don't see this lasting long.  Pratt grads with a little help from the 'rents should be pouncing...

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