Bed-Stuy has hit the big time.
A Bedford-Stuyvesant penthouse duplex just sold for more than $1 million.
The buyers are a downtown Manhattan family who traded their modest space for luxurious digs—in Brooklyn.
The loft-style two bedroom, two bath condo at 105 Lexington Avenue is a sprawling 1559 square foot space that comes with its own 600 square foot private roof deck.
It is a stylish, loft home with soaring ceilings – all in a 32 unit, four story luxury building that had once been used as a frozen food factory.
“The price is record breaking for the neighborhood,” said listing broker Alex Moroni, of Douglas Elliman.
The condo really sold for $999,999 to avoid a special “mansion tax” added to homes that sell for over $1 million, but because the buyer is also paying the full transfer tax, the sale will be recorded at $1.04 million, Moroni said.
Bed-Sty is one of the last Brooklyn brownstone neighborhoods to gentrify. Townhouses that a few years ago sold for under $1 million are now $2 million and up – and that means that the price of condos in the area are skyrocketing as well.
“This condo is special because it is a downtown, Manahttan-style loft in a brownstone Brooklyn neighborhood. It has incredible, light, views and a great deck,” Moroni said.