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Photo of the Week: Beauty in the Heart of Millionaire’s Row

Uncategorized // Apr 11, 2014

Chandelier image

Today’s Photo of the Week showcases gorgeous, original architectural detail shot inside a classic Civil War-era brownstone in the heart of Brooklyn. Taken by CORE’s resident Brooklyn expert Doug Bowen, this photo shows a beautiful, original plaster medallion with a chandelier hanging on the parlor floor of one of Doug’s recent listings, located on Cambridge Place. Dubbed Millionaire’s Row in 2012, Cambridge Place is one of several neighborhood blocks to garner attention, as Brooklyn continues to experience rising popularity and sales prices through the start of 2014. Cambridge Place, Saint James Place and Grand Avenue between Fulton Avenue  and Greene Avenue make up a six-block area and special enclave just South of Pratt University that has been the home of several big sales. Doug’s notable sales at 105 Cambridge Place for $3.1 million and 121 Saint James Place for $2.545 million were record-breaking deals for the area last year and are indicative of the rising values in Brooklyn’s townhouse market. Clinton Hill has seen a 30% increase in townhouse prices in the last calendar year and has helped pave the way for the emergence of Bedford-Stuyvesant, which lies east of Clinton Hill, as a go-to neighborhood for today’s “brownstoners” as they continue to seek this unique and alluring niche segment of New York City housing stock.