100 Lexington Ave conundrum in Clinton Hill/Bed Stuy
We've noticed a few resales at the 100 Lexington Avenue condominiums on Lexington Avenue between Classon and Franklin. Please let us know if this is considered Clinton Hill or Bed-Stuy.
Aguayo & Huebener has a 1,300 square foot loft asking a cool $699K, while Fillmore Real Estate has two units, one a 1,396 square foot unit asking $685K (id 604013) and another 1,300 square foot unit asking $699K (id 604014).
These units are located 3.5 blocks from the Classon St. stop on the G and a longer 7.5 block trek to the Franklin Ave stop on the C and Shuttle or a 8 block walk to the C stop at Clinton-Washington.
It looks like these units sold for the mid $400K's in 2004, so that's a 50% appreciation in less than two years, in this location. What gives?? Sure, these are just asking prices, but there must be some precedent if the brokers are pricing it this way. These are priced at about $500 psf.