Over the past few years, Bed-Stuy has become a well-established area for young professionals and artists. The area around Tompkins Ave is the heart of the trendy Bed-Stuy area. The area we have invested in is three blocks from the upscale neighborhood of Clinton Hill, the area is home to several boutique restaurants, such as Eugene & Co., and the Michelin rated L’Antagonist. Each block in this area of Bed-Stuy is an endless row of turn of the century, classic brownstones with their tree lined arcades. This is one of the most beautiful areas in the borough and feels more authentically Brooklyn than any other.
Each brownstone currently trades for between $1.8M and 3M, depending on its level of finish. This is a three-fold increase in the last 5-7 years, with an average annual increase in sale price of 17%. Even with that growth, brownstones here are still half price of those in the neighboring Clinton Hill. The limited inventory of these historic buildings has established an exploding trend of unique artist renovations that have quickly come to define this area, and we're excited about bringing our next project here.
431 Tompkins was recently purchased by Dragonfly
Ask about 431 Tompkins Ave.